Taliban Increases Withdrawal Limit for Funds from Afghan Banks

The Taliban-controlled Central Bank increased the weekly withdrawal limit for individual bank accounts from 400 to 600 dollars. The bank announced that the limit of withdrawing funds from bank accounts that have been opened after November 3, 2021, has been completely removed.

According to a statement by the Taliban Central Bank, the limit of withdrawing funds from corporate accounts has changed from 40 thousand dollars per week to five percent of the total bank deposit.

The Central Bank announced the increase in the limit of withdrawal of funds from bank accounts as an improvement in the performance of Afghan banks.

After their return to power in August 2021, the Taliban reduced the limit of withdrawal of funds from personal accounts to 200 dollars on a weekly basis.

This restriction had been imposed to prevent the outflow of cash from the country and the bankruptcy of private banks.

After the Taliban’s return to power, many were concerned about the future of Afghan banks and the security of bank deposits, and most bank deposit holders rushed to banks to withdraw their funds.