Int’l sanctions on Afghan banking sector affects trade: Sader Khail

Int'l sanctions on Afghan banking sector affects trade: Sader Khail

KABUL, DEC 4 /DNA/ – The head of the Afghan business council in the UAE, Haji Obaidullah Sader Khail, said that the Islamic Emirate has addressed the problems of the traders but the international sanctions on the Afghan banking sector remain an unabated challenge, which also affects traders.

Sader Khail said that efforts are underway to solve the banking problems of Afghanistan.

There are problems in the banking sector. The traders have problems and cannot transfer money. This problem has yet to be solved. This is not related to the government, if it was, it [interim government] would have solved it,” he said.

The Islamic Emirate’s spokesman, Zabiullah Mujahid, said that they are in contact with the international community to address the economic sanctions, particularly in the banking sector.

“We have madeca lot of effort in this regard and it is still continuing. The negotiations have been conducted through diplomatic paths with other countries. The negotiations have been conducted with the relevant entities which are influential and they have been asked to remove sanctions on the banking sector and facilitate this,” Mujahid said.

The Afghanistan Chamber of Commerce and Investment (ACCI) said that the banking sector is important to draw foreign investment into the country.

“It is very needed. This problem should be solved. The key gate for investment is the banking sector which should be facilitated, and the money transaction should be solved,” said Khanjan Alokozai, a member of the ACCI.

When the Islamic Emirate came to power, more than $9.5 billion Afghan assets abroad were frozen in American and European Banks.