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Afghanistan’s financial system is about to collapse, lender warns, as the US keeps nearly $10 billion in reserves frozen from the Taliban

28th September, 2021 · admin

Business Insider: Syed Moosa Kaleem Al-Falahi, the chief executive of the Islamic Bank of Afghanistan, told the BBC that Afghanistan’s financial industry was dealing with an “existential crisis” as customers panic after the Taliban took over the country last month, and Western nations and agencies freeze the country’s funds in response. “There’s huge withdrawals happening at the moment,” he said. Click here to read more (external link).

Posted in Economic News | Tags: Islamic Bank of Afghanistan (IBA) |
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