English | دری

China rejects dollar transactions have been halted with Afghan banks

in Afghan Business

0570B71D-29EA-4D9D-97CE-BB4A908EEBA4_mw1024_s_nThe embassy of People’s Republic of China in Afghanistan on Tuesday rejected reports that the Chinese banks have halted transactions with most Afghan commercial banks.

Chen Shijie, Counsellor in Chinese Embassy in Afghanistan said, “The media report which claimed that the Chinese banks have halted dollar transactions with most Afghan commercial banks recently, is utterly groundless.”

Shije, quoted in a statement by the ministry of foreign affairs of Afghanistan said, “The Banks of China and Afghanistan have normal business ties. China attaches great importance to developing its relationship with Afghanistan and is willing, as always, to work together with the Afghan side to promote the bilateral cooperation all fields.”

This comes as Central Bank officials expressed concerns regarding the issues the Afghan businessmen face as Chinese banks have halted dollar transactions with most Afghan commercial banks.

Central Bank governor Noorullah Delawari said last month that the banks in China have told they can not handle the bank transfers in Afghanistan.

Chinese banks cited government’s failure to pass laws meeting global standards against money laundering and terrorism financing, behind their decision to halt dollar transaction with Afghan banks.

Delawari said Chinese move was part of a trend that was making it increasingly difficult for the banks to execute international transactions.

“Some of our banks cannot do any direct transactions” because their correspondent banks in the United States, Europe, Germany or Turkey had halted dealings,” Delawari quoted by Reuters said.

Delawari had confirmed that the transfer of money to China to import goods in Afghanistan has been affected.



Related Articles

Afghanistan investment up by 26% in 2012

According to the Afghan Investment Support Agency (AISA), investment in Afghanistan by domestic and foreign companies hit USD 585mn compared

EU pledges €90.5 million for Afghanistan’s rural development

By Ahmadshah Ghanizada: The European Union (EU) has pledged €90.5 million in aid for rural development projects in Afghanistan, officials

Afghanistan, China sign $204.9mn road construction deal

Afghanistan awarded the Dara-e-Suf to Yakawlang road project to a Chinese firm after its bid of USD 204.9mn was approved

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.