Afghans queue for hours as Taliban imposes $200 weekly withdrawal limit

0
43
Afghans queue for hours as Taliban imposes $200 weekly withdrawal limit

Huge lines are forming outside banks in Afghanistan after the Taliban imposed a strict $200 weekly withdrawal limit on citizens as the country faces an economic crisis.

A day after US troops withdrew from the country, Afghans were spotted lining for hours outside banks in Kabul.

Banks that closed as soon as the Taliban seized Kabul have since been ordered to reopen in a bid to get Afghanistan’s economy moving.

But the Taliban is enforcing weekly withdrawal limits and thousands are facing hours of waiting in line just to get their cash.

One line outside an Afghan National Bank in Kabul saw thousands lining up, five and six alongside each other, trying to withdraw their money.

While many Afghans fear life under the Taliban, some say they’re more worried about the potential economic collapse.

Hundreds of Afghans wait in line to withdraw their money in wake of the Taliban seizing full control of Kabul.
Hundreds of Afghans wait in line to withdraw their money in wake of the Taliban seizing full control of Kabul.
EPA/STRINGER
The Taliban has limited withdrawals to no more than $200 a week.
The Taliban has limited withdrawals to no more than $200 a week.
EPA/STRINGER
The Taliban has forced banks to reopen as a way of stimulating the Afghanistan economy since their takeover on August 15,2021.
The Taliban has forced banks to reopen as a way of stimulating the Afghanistan economy since their takeover on August 15,2021.
EPA/STRINGER

Many Afghans, particularly civil servants, say they haven’t been paid in months and others say their salaries have been cut by as much as 75 percent under the new Taliban rule.

The local currency has been losing value and inflation has been rising since the Taliban overran the country on Aug. 15.

“Everything is expensive now, prices are going up every day,” Kabul resident Zelgai, who said tomatoes which cost 50 afghanis the day before were now selling for 80, told Reuters.

Several vendors have not gotten a single customer since the Taliban has seized power. Everyone is too afraid to leave their homes.
Several vendors have not gotten a single customer since the Taliban has seized power. Everyone is too afraid to leave their homes.
CHINE NOUVELLE/SIPA/Shutterstock
Several Afghans waited for hours for a chance to withdraw their money while inflation in the country is still low.
Several Afghans waited for hours for a chance to withdraw their money while inflation in the country is still low.
EPA/STRINGER
According to one vendor, items that were once $50  are now selling for $30 more and no one is buying any goods.
According to one vendor, items that were once $50 are now selling for $30 more and no one is buying any goods.
EPA/STRINGER

One unnamed vendor said: “Two weeks ago, people were buying but the situation now is not good and no one is buying. People’s money is stuck in the banks and no one has money to buy anything.”

A man named Noorullah, who has run a hardware store for 11 years, told the Associated Press he hasn’t had a single customer since the Taliban arrived.

“The banks are closed. All the people who have money are running away from this country,” he said. “No one is bringing money here.” 

With Post Wires

Source link