AFGHAN BUSINESSMEN CALLED ON THE INTL COMMUNITY TO LIFT THE EMBARGO ON AFGHAN MONEY

Fri 17 September 2021:

Dozens of traders, money changers and industrialists in Kandahar have called on the international community to return the confiscated money to Afghanistan.

Nearly ten billion dollars of Afghanistan’s foreign exchange reserves have been seized by the world, especially the United States, and in addition to those billions of dollars of experience has been frozen due to the banking challenges of banks outside Afghanistan.

Traders at the Kandahar summit warned that if the world did not return Afghanistan’s frozen money to Afghanistan, it would lead to further economic stagnation and increased hunger among Afghans.

The meeting was initiated by the Afghan Chambers of Commerce and Industry.

Mohammad Younis Mohmand, the chamber’s deputy, called on the international community to return Afghanistan’s frozen money to Afghanistan.

“Afghanistan’s business community trades with countries around the world, and the lack of transfer of electronic money has become a major problem in this trade, and if this trend continues, it will lead to economic stagnation and increased hunger in the country,” he said.

Referring to Afghanistan’s consumption, economic experts say that if Afghanistan’s reserves are not lifted from the international community and the banking process does not return to normal, the process of importing fuel and food materials to the country will continue to be challenged. has it.

Following the overthrow of Mohammad Ashraf Ghani’s government, the United States confirmed that it had seized nearly $ 10 billion in foreign exchange reserves from Afghanistan and would not hand them over to the Taliban.

On the other hand, the banking crisis and the lack of normal access for traders and citizens to their monetary deposits have reduced imports and increased the price of raw materials in the country.

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