Reuters

Afghanistan’s banks brace for bedlam after Taliban takeover

LONDON (Reuters) -Afghanistan’s banks, critical to the country’s recovery from crisis, are facing an uncertain future say its bankers, with doubts over everything from liquidity to employment of female staff after the Taliban swept to power. Banks were expected to reopen imminently, a Taliban spokesman said on Tuesday, after they were closed for some ten days and the financial system ground to a halt as the Western-backed government collapsed amid the pullout https://www.reuters.com/world/asia-pacific/afghanistan-faces-humanitarian-crisis-airlift-deadline-looms-2021-08-25 of U.S. and allied troops. “The banks continue to be closed – with no clear signs of reopening, they have run out of money,” said Gazal Gailani, trade and economic adviser at the Afghan embassy in London.

LEAVE A REPLY

Please enter your comment!
Please enter your name here