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Tag Archives: Banking

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Afghan Banking System Returning to Normal: Central Bank

1st November, 2022 · admin

Tolo News: The Central Bank said that the banking system in the country is getting back to normal levels, and urged citizens to remain supportive of the banking sector in the country. Haseebullah Noori, press director of Da Afghanistan Bank (Central Bank), said that the banking sector is out of the crisis now. The Central

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Posted in Economic News | Tags: Banking, Da Afghanistan Bank, Secretly funding Taliban |
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Lack of Active ATM Machines in Kabul Irks Residents

15th October, 2022 · admin

Tolo News: Kabul residents on Saturday expressed their concerns over the lack of ATM machines in the city, saying they are facing problems as they have to wait in queues outside banks for hours to withdraw money. According to residents, many ATM machines in the city are not working anymore. Click here to read more

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Posted in Economic News | Tags: Banking |
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Afghanistan’s money is crumbling to pieces, just like its economy

27th September, 2022 · admin

LA Times: In previous years, the Afghan central bank — known as Da Afghanistan Bank, or DAB — would withdraw annually 3 billion to 4 billion afghanis’ worth (about $33 million to $45 million) of decrepit banknotes and substitute them with new ones printed abroad. (Afghanistan does not have its own mint.) But the international

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Posted in Economic News | Tags: afghani, Banking, Da Afghanistan Bank |
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In the Taliban’s Afghanistan, the near-broke central bank somehow still functions

29th August, 2022 · admin

NPR: A recent visit to Afghanistan showed a country facing an economic crisis. The banking system has seized up. Credit cards aren’t working. Afghans abroad struggle to send money to relatives back home. The central bank’s shortage of funds is far from Afghanistan’s only banking problem. Private banks have struggled to do business with foreign

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Posted in Economic News, Taliban | Tags: Banking, Da Afghanistan Bank |
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Afghan Economic Crisis Worsens as Taliban Mark Anniversary

13th August, 2022 · admin

VOA News August 13, 2022 Mirwais Rahmani Roshan Noorzai WASHINGTON — A year into the Taliban’s de facto government in Afghanistan, the war-torn country has experienced an economic crisis that has worsened the already dire humanitarian situation there. The economy collapsed after the Taliban seized power in August 2021 and the international community placed sanctions on

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Posted in Economic News, Taliban | Tags: Banking, Poverty, Taliban government failure |
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Taliban-US Huddle in Doha on Afghan Frozen Funds, Economic Issues

29th June, 2022 · admin

Ayaz Gul VOA News June 29, 2022 ISLAMABAD — The United States and the Taliban are scheduled to hold talks in Qatar later this week that are expected to focus on economic and banking sanctions on Afghanistan, where last week’s devastating earthquake has worsened a humanitarian crisis. Taliban Foreign Minister Amir Khan Muttaqi, along with senior

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Posted in Economic News, Taliban, US-Afghanistan Relations | Tags: Banking, Secretly funding Taliban |
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Jobs Lost, Middle Class Afghans Slide into Poverty, Hunger

22nd November, 2021 · admin

AP: International funding once paid for much of the government budget — and without it, the Taliban have largely been unable to pay salaries or provide public services. Click here to read more (external link). Related U.N. warns of ‘colossal’ collapse of Afghan banking system

Posted in Economic News | Tags: Banking, Poverty |
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Afghans Say They Will No Longer Use Banks

5th November, 2021 · admin

Tolo News: A number of Kabul residents said Thursday they no longer want to keep their money in the country’s banks. They said they will take out all of their previously deposited funds. Since the fall of the former government, Afghans have faced challenges in withdrawing their money from the banks and said they no

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Posted in Economic News | Tags: Banking |
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Afghan central bank drained dollar stockpile before Kabul fell – document

29th September, 2021 · admin

Reuters: The confidential, two-page brief, written early this month by senior international economic officials for institutions including the World Bank and International Monetary Fund, said the country’s severe cash shortage began before the Taliban took control of Kabul. Click here to read more (external link). Other Economic News  The Future Looks Bleak for Women Entrepreneurs

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Posted in Corruption, Economic News, Taliban | Tags: Banking, Life under Taliban rule |
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Afghanistan added again to EU money laundering blacklist

18th February, 2019 · admin

1TV: EU anti-money laundering commission added Afghanistan to the list of countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks. The central bank of the country, however, reports efforts and acts taken against anti-money laundering and counter terrorist financing in compliance with EU anti-money laundering rules. Click here to read more (external link).

Posted in Economic News, EU-Afghanistan Relations | Tags: Banking, Da Afghanistan Bank |
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