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Businessmen in trouble as banks deny fractional banknotes

· 3 min read · 380 views

KANDAHAR (Pajhwok): Factories’ owners and traders in southern Kandahar province complain that branches of Da Afghanistan Bank or central bank refuse to accept small denomination banknotes when monthly electricity bills are being deposited.

Gul Agha, owner of an ice factory, said the problem of not accepting small banknotes by the banks persisted since long but it had worsened recently.

He told Pajhwok Afghan News that customers brought them low denomination banknotes (like ten, twenty, fifty and hundred afghani banknotes), but the banks only accept ten to twenty percent of the notes and demand 500 or 1000 banknotes.

He said: “We . . .

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