English | دری

Cash flight out of Afghanistan

in Featured Articles

Cash flight out of Afghanistan

Will the country’s economy collapse as billions in aid money leave the country along with international security forces?

There is a lot of concern about security in Afghanistan as international forces look to a 2014 drawdown.

But few have given any thought to an aid drawdown, one with the potential to collapse the Afghan economy.

Since 2001 donors have provided more than $52bn to Afghanistan. Barack Obama, the US president, has requested $12.8bn for the 2012 financial year alone, to equip and train Afghan forces.

Then there is declared money – about $4.6bn – which passed through Kabul’s airport in suitcases last year, mostly to Dubai. The real figure could be much higher as Afghanistan has been the centre of a $68bn global opiate trade.

Afghanistan’s central bank has now capped money leaving the country at $20,000, anything higher requires a bank transfer. But keeping track of all the money is a big problem, mostly because of corruption, or at the least, shady dealings.

Al Jazeera’s James Bays spoke to Noorullah Delawari, the governor of Afghanistan’s central bank, about what was being done to stop money leaving the country.

Source: ALJAZEERA



Related Articles

China’s labour shortage: getting worse

Considering the state of the world economy, a labour shortage is the last thing you’d expect Chinese factory owners to

Insect farming addresses food and feed security-UN

The U.N. has new weapons to fight hunger, boost nutrition and reduce pollution, and they might be crawling or flying

5 Signs That You're an Entrepreneur at Heart

You might be surprised how many “entrepreneurs” are not at the helm of a growing business but rather are among

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.