Afghanistan's banking system is reportedly nearing collapse. Talking to media the Chief Executive of the Islamic Bank of Afghanistan Syed Moosa Kaleem Al-Falahi has said the country's financial industry is in the grip of an existential crisis as customers have panicked.<br />''<br />''Mr Kabul,Al -Falahi said, only withdrawals are happening and most of the banks are not functioning. Afghanistan's economy was already on shaky grounds even before the Taliban took control in August.<br />''<br />''<span style="color: #000000;">According to the World Bank. It is hugely dependent on foreign aid ,about 40% of its gross domestic product (GDP) comes from international aid.</span><br />
News On AIR | September 28, 2021 1:26 PM
Afghanistan's banking system near collapse