The Taliban's rule of Afghanistan faces an imminent threat: The war-torn nation's banking system is on the verge of collapse.

Nearly two weeks after the Taliban seized power, Afghanistan's banks remain shuttered. That has left many people in the country without access to cash.

No one has money," one current employee of Afghanistan's central bank told CNN. The employee, speaking anonymously due to fears for their safety, said many families don't have enough money for their daily spending and some paychecks have been halted.

All of this raises the specter of a severe economic and humanitarian crisis in Afghanistan, just weeks after the takeover by the Taliban.
The central challenge is that Afghanistan's economy is heavily reliant on access to foreign currency and international aid -- most of which has been blocked since Kabul fell. Grants finance a staggering 75% of Afghanistan's public spending, according to the World Bank.
Afghanistan's banks are still closed, days after the Taliban ordered them and other services to reopen, because they've virtually run out of cash, the central bank source said.

"You've got a stack of cards that is about to come down," a person familiar with the situation of the Afghan economy told CNN. "As soon as you open the banks, it will expose how fragile the system is."



"No one has money," one current employee of Afghanistan's central bank told CNN. The employee, speaking anonymously due to fears for their safety, said many families don't have enough money for their daily spending and some paychecks have been halted.

All of this raises the specter of a severe economic and humanitarian crisis in Afghanistan, just weeks after the takeover by the Taliban.
The central challenge is that Afghanistan's economy is heavily reliant on access to foreign currency and international aid -- most of which has been blocked since Kabul fell. Grants finance a staggering 75% of Afghanistan's public spending, according to the World Bank.
Afghanistan's banks are still closed, days after the Taliban ordered them and other services to reopen, because they've virtually run out of cash, the central bank source said.
"You've got a stack of cards that is about to come down," a person familiar with the situation of the Afghan economy told CNN. "As soon as you open the banks, it will expose how fragile the system is."

'Existential flash point'
The Afghan banking industry is similarly warning of a complete meltdown.
"Afghanistan and its banking sector are at an 'existential flash point' where the collapse of the banking sector is at hand," reads an August 23 memo sent by the Afghan-American Chamber of Commerce. The memo was written by a banking and finance working group composed of major Afghan commercial banks, customers and investors.
Afghanistan's central bank, the bedrock of its financial system, appears to be in disarray.

https://www.cnn.com/2021/08/27/economy/afghanistan-bank-crisis-taliban/index.html

Like Taliban like Buhari .. anything Jihadist touch they destroy

Thinking about Taliban makes me imagine the future of Nigeria with sane people sharing Nigeria with bandits, BokoHaram, UGM and Killer Herdsmen/Fulani...


I hope I get blessed before Nigeria is turned into what it is in Afghanistan now...

Bad

[img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img]

The should just not Sell their Hoard of Weapons to Nigerian Bandits

Nigeria is still recovering from the one Libya did

How cave dwellers think they can run a 21st century economy amazes me

The world needs to use Awolowo's civil war policy on Afghanistan

*Render Afghanistan currency valueless by blocking all their foreign reserves

*Block all trade route to Afghanistan, and only allow essential humanitarian goods in

*Soon hunger would reset their brains and they would chase Taliban to exile while surrendering


How they think modern Government and Country can be effectively ran by 2000 years old Quranic, Abrahamic, Mosaic laws, with some Hadith written over thousand years back



.

yanabasee2:
Thinking about Taliban makes me imagine 5he future of Nigeria with sane people sharing Nigeria with bandits, BokoHaram, UGM and Killer Herdsmen/Fulani...


I hope I get blessed before Nigeria is turned into what it is in Afghanistan now...

welcome bro a terrorist organisation country

This is what I call hell on earth.. Afghans are equal but the talibans are more equal than the others.. Animal farm

How come their cbn has not been looted? No reports of looting sef, of it was naija we would have started eating each others flesh

vertueptime:
How come their cbn has not been looted? No reports of looting sef, of it was naija we would have started eating each others flesh

Sharia law doesn't treat thieves well.. they catch you looting, then you are gone

LoL... What do you expect
The economy is damn wrecked

It is completely finished for Afghanistan!!!
Allah akhubar

Good the country will implode and alot of terrorists group will fight Against each other.

God be with those civilians still in Afghanistan

Shellsploit:
It is completely finished for Afghanistan!!!
Allah akhubar

Useless religious infested demonic satanic Emirates, Afghanistan can burn to ashes l don't care, next news jare

No one has money under Taliban rule, just imagine! This is just slavery in disguise

It's just better they evacuate all Afghans and leave the Taliban to rule over themselves, the Taliban are just on a mission to finish the country totally.

This is where the Chinese will definitely come in.

What is the population of Afghanistan that the rest of the world shouldn't hear word. let them loan the country to china or Saudi.

This is a distraction because Turkey , Qatar, China and Russia have enough money to help the Taliban regime banking system.
That is why the Joe Biden administration should stop its game and tell why it is putting the whole world at risk by handing Afghanistan over to the Taliban and in the meantime equipping those terrorists with sophisticated weapons.
Note: The news about the US having left heavy military equipment on the ground in haste is ridiculous.
If there is a serious inquiry people will find out that those weapons were sold to the taliban during secret talks
between the CIA and the Taliban.