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DAB seeks facilitation for international money transfer

AT News

KABUL: DA Afghanistan Bank (DAB) seeks to facilitate planes for international money transfer that would enable the traders to transfer their money from abroad.

The plan is to facilitate commercial banks using Telegraphic Transfer (TT) method. This comes as the trader voiced concerns over the challenges laid ahead of trade and business due to the freeze of Afghanistan assets by the U.S.

With the Taliban swept into power, the U.S. Treasury Department has frozen the $9.5 billion assets of Afghanistan central bank. The people currently can only withdraw 20,000AFs or $200 in a week.

The central bank said in a statement that the commercial banks were allowed to made money transfers using the method for businesses, imports of various goods, medicine, agricultural products, and others.

DAB is committed to providing necessary facilities to people in banking systems and commerce and it tries to improve the financial and banking sector more than before and return all commercial deals to normal in the near future, the statement added.

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