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Small-value notes rejection upsets phone card vendors (Video).

JALALABAD Jalalabad (jəlä'läbäd`, jəlăl`əbăd), city (1979 pop. 53,915), capital of Nangarhar prov., E Afghanistan, near the Khyber Pass.  (PAN):The mobile phone credit card sellers union in eastern province of Nangarhar on Monday Monday: see week.  complained that private and state-run banks' regional branches refused to accept small-denominations of banknotes.

Union chief, Habibullah, said these financial institutions rejected currencies lesser than 100 afs, although card distributors have an official letter from the central Da Afghanistan Afghanistan (ăfgăn`ĭstăn', ăfgän'ĭstän`), officially Islamic Republic of Afghanistan, republic (2005 est. pop. 29,929,000), 249,999 sq mi (647,497 sq km), S central Asia.  Bank.

Private bank officials say the main reason for rejecting these notes was the central bank itself did not accept small-denomination currencies either, said Habibullah, adding that the new practice had impacted their business.

He warned that union, with about 400 members in Jalalabad city alone, would begin selling the cards using Pakistani rupees if their demands were not met.

PAJHWOK/Babrak Amirzada

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Publication:Pajhwok Afghan News (Kabul, Afghanistan)
Date:May 1, 2012
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