Afghans suffer as banks run low on cash and economy implodes
13 November 2021 |
4:08 pm
Almost three months after the Taliban swept to power in Afghanistan, the country's economy is imploding. Many NGOs and foreign companies have left, leaving thousands of Afghans suddenly unemployed. Some $9.5 billion of assets have been frozen abroad and banks are running out of money. The value of the local currency is plummeting and food prices have soared. This dire situation is pushing thousands of Afghans to flee the country. FRANCE 24's Catherine Norris-Trent and Roméo Langlois report.
Related
Related
10 Jun
In mainland Europe's westernmost country, water is becoming scarce. Still, Portuguese politicians continue to focus on economic activities that consume particularly large amounts of water, activists say.
25 Jun
Following the reelection of President Recep Tayyip Erdogan, analysts are asking whether Turkey sticks to the unorthodox low interest rate policy he has supported. The crisis-ridden market may be heading for a turnaround.
21 Jun
China clearly doesn’t want to be drawn any deeper than it has to into the diplomatic and rhetorical war over Ukraine, which may partly explain its move to aid the US and EU in tightening the sanctions on Russia.
2 Jul
Less than a week after the Wagner Group's attempted coup, uncertainty reigns in Russia. Opponents of Vladimir Putin are considering other threats to his leadership, including the economy. The oil price is a major hitch.
19 Jul
Inflation and an influx of refugees have put growing pressure on food banks. Will the German state step into the breach?
28 Jul
Economists set a gloomier outlook for the coming months, as official data showed Germany's GDP stayed flat in the three-month period between April and June.
3 Aug
A new study has shown that Germans still find tackling climate change important, but the data also revealed discrepancies over what people are actually willing to do about it.
8 Aug
Germany's economy is in decline. Now the main opposition party, the center-right CDU, has presented an emergency program to combat the recession, stepping up pressure on Chancellor Olaf Scholz.
19 Aug
After five days of consecutive losses, the Russian ruble has crashed below a psychologically important mark of 100 rubles for $1 US. What's causing the slide?
17 Aug
Without a formal healthcare policy for Afghans in Pakistan, receiving treatment often depends on location and having the right connections.
26 Aug
The German economy emerges from recession, but is still in a phase of weakness. From April to June, it recorded zero growth compared to the previous quarter.
30 Aug
Europe's largest economy has flatlined recently, showing no signs of recovery from a winter recession. The International Monetary Fund has predicted Germany will be the only major advanced economy to shrink in 2023.
Latest
2 hours ago
The next Olympic host nation has been embroiled in a debate around head coverings, even though no high-level French athletes wear them. It has become an increasingly thorny subject in a number of sports.
2 hours ago
France's ambassador to Niger has left the country amid a deterioration of relations between the West African country's new military rulers and the former colonial power.
3 hours ago
Britain has given the go-ahead to the development of Rosebank in the North Sea. Located 130 kilometres northwest of the Shetland Islands, it's the largest untapped oil field in the UK and is estimated to contain up to 300 million barrels of crude. The government argues Rosebank will help bolster Britain's energy security, but environmental groups disagree. Plus, in a major blow to TikTok, Indonesia has banned trading of goods on social media platforms, saying it’s harming millions of physical retailers.
3 hours ago
The West African country's military government — which seized power from a different junta a year ago — said it has detained four people for attempting a coup.
4 hours ago
Hundreds of Russian soldiers have deserted, but many do not have passports and are trying to get to safety in the West for fear of extradition. DW spoke to three of them.
