Central Bank of Afghanistan: “Sanctions have Reduced the Purchasing Power of Citizens”

The Central Bank of Afghanistan has said that the sanctions imposed by the world on the banking sector of Afghanistan have had a negative and destructive effect on the country’s financial stability.
According to a press release that is published on the X page of the Da Afghanistan Bank, Hidayatullah Badri, the Acting Governor of the Central Bank of Afghanistan, in a meeting with the Assistant Secretary General of the United Nations, Rozdizi DiCarlo, raised the issue of the financial sanctions of the countries on Afghanistan and added that the sanctions imposed by Globalization of Afghanistan’s banking sector has led to a decrease in the purchasing power of citizens, and on the other hand, the access of Afghanistan’s banks to the international financial and banking systems has been limited.
In another part of the report, it is stated that despite the fact that this agency was able to solve the liquidity problems in the banking sector in a way, it will also achieve progress, but the international sanctions have caused the international transactions of Afghanistan to be against the law and policy of Central Bank of Afghanistan and act through informal channels.
Finally, the head of the Central Bank asked the international community to cooperate with Afghanistan in the development of the financial and banking system and cancel the sanctions imposed on Afghanistan’s banking sector. He called the cancellation of banking sanctions as Afghan’s human right.
The Assistant Secretary-General of the United Nations, also informed about the commitment of the organization based on continued cooperation with Afghanistan and said that the banking sector will play an important role in economic growth and there is a need for joint work to use the experiences of countries around the world in the field of development has emphasized private development, development of financial services, granting of small loans and Islamic financing.
It should be noted that billions of dollars of Afghanistan’s financial reserves have been blocked in foreign banks, and part of it will be transferred to the Afghanistan Trust Fund with the approval of the United States of America government, and it is supposed to be used for humanitarian purposes.