The Kabul times, Afghanistan Trustable News Agency.
EconomicNational

Financial transactions to boost commercial activity in Afghanistan

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The U.S. Treasury Department has issued a new license to facilitate commercial and financial transactions with Afghanistan. The U.S. new move is designed to revive some commercial activity that halted in last August when the Islamic Emirate seized power in Afghanistan.  Da Afghanistan Bank (DAB), the central bank of Afghanistan, and the Ministry of Finance of the Islamic Emirate of Afghanistan by lauding the U.S. step towards issuing a new license to facilitate commercial and financial transactions with Afghanistan urged the US government to also review its decision on the foreign reserves of Afghanistan.The central bank further said that these deals and financial activities included government, private and trade banking, expansion
and protection of development projects, trade deals, safety of transport systems, maintenance and monitoring operations and telecommunication and information sectors. The U.S. Treasury Department’s Office of Foreign Assets Control in a press release yesterday said that the order had been issued for the expansion of trade and financial deals and similar facilities in Afghanistan, adding that It would benefit the Afghan people. The decree included the deals of international banks with the public and private banks of Afghanistan.
The U.S. Department of Treasury also said that the purpose of
the decision was that the US sanctions would not impede humanitarian assistance with the Afghan people.
Da Afghanistan Bank (DAB) and finance ministry of the Islamic Emirate of Afghanistan (IEA) welcomed and lauded the step
taken by the U.S. Treasury Department. According to a press release issued by the central bank of Afghanistan, this bank lauded and welcomed the decree of the U.S. Department of Treasury which was aimed at expansion of trade and financial deals with Afghanistan.
“This license would be facilitate expanded trade activities in
the country. Afghanistan would be able to make trade deals with all the international countries, and all the private banks could continue
their activities with the international banks like the past, and with it all kinds of restrictions on all
the government agencies and private banks have been removed,” the press release stated.
This license would facilitate the activities of those private companies and organizations which worked with the government agencies of Afghanistan in collection of customs, revenue and
other expenditure. It has been cleared in this license that financial institutes, national and international organizations and private
sector companies could carry out deals and financial activities normally with Afghanistan, the press release stated.
Meanwhile, the central bank of Afghanistan and finance ministry of the Islamic Emirate also urged the U.S. government to review its decision on the foreign reserves of Afghanistan.
The recent step by the U.S. Treasury Department in connection with easing both commercial and financial transaction with Afghanistan can help the country develop its economy.

This can also boost commercial activities in the country.
According to Afghan economists, based on the new license
issued by the U.S. Treasury Department, all national and international organizations, as well as private sector companies can then
carry out deals and financial activities normally with Afghanistan, which helps develop the economic situation in the country.

Previously, the U.S. Treasury Department issued multiple licenses aimed to facilitate humanitarian assistance to Afghanistan as well as sending remittances by Afghans working abroad.
The Kabul Times

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The Kabul times, Afghanistan Trustable News Agency.