Any economy based on crocheting comforters is bound to have seasonal fluctuations.
Posted on 07/17/2022 3:24:57 PM PDT by KingofZion
Until a few months ago, Mohammed Wahid Haykalyar owned a busy restaurant in the heart of Kabul, where people came from all over the city for steaming plates of saffron rice and braised lamb. His monthly earnings of $3,000 were more than enough to pay for his children’s English-language lessons and after-school soccer practice.
These days, he doesn’t even have money to buy food for his family.
The government’s ability to manage the economy has largely broken down. The inexperienced Taliban leadership, which overthrew the republic when U.S.-led troops left the country, is isolated and under sanctions, and knows little about running a state.
The international financial assistance that had covered the majority of the government’s public spending for years has been cut off. The central bank’s $9 billion in foreign assets are frozen abroad, blocking its ability to mitigate the crushing inflation that hit 15.5% in April, and day-to-day operations of the banking system for individuals barely function. Even the country’s paper money is disintegrating, since no new afghani notes, which are manufactured abroad, have been sent to Afghanistan since the Taliban takeover. Some are now so damaged money exchangers won’t accept them.
The private sector is struggling to do what it can. Yet traders and manufacturers say that, with the banking sector largely paralyzed, importing goods and raw materials has become a huge challenge. Restrictions imposed by Afghan banks on cash withdrawals to avoid a bank run have made it difficult for businesses to pay for goods and services or even pay wages.
Afghanistan’s gross domestic product is expected to decline by around 34% by the end of 2022 compared to 2020, the last full year of the republic, according to projections by the World Bank.
*** MORE
(Excerpt) Read more at wsj.com ...
Another form of Greene
The tallyban disarmed the people right after they took over. First thing they did.
Remember the president loaded a plane load of cash and split for Dubai the moment he heard we were leaving. No thought of standing and fighting.
Good. Let ‘em starve until they finally grow the balls to overthrow those maniacs.
Hunger is a powerful motivator.
Not our zoo, not our monkeys.
Who cares? Buy back our equipment 10 cents on the dollar. $8.7 billion.
Gee, who is producing these numbers? Why should we trust it/them. What are our REAL numbers? Their levels of “inclusion” are probably a lot lower than they were before we bailed.
I’d say he was being realistic. Nobody else wanted to fight and die, so why should he?
Hey, we know pedojoe runs an economy as well as tallybunnies
Any economy based on crocheting comforters is bound to have seasonal fluctuations.
Yet another Biden success story! /spit
File this under “no s**t, Sherlock”.
CC
They do not produce near enough to sustain their own population; the population increase over the last 20 years was built on U.S. money.
A great many Afghans are going to starve to death, and the Taliban are to blame.
But as noted by someone above, the Taliban disarmed the regular people as step number 1. They’d be slaughtered en masse. (Although that may be better than watching your family starve to death.)
our economy too, all covid related and fearmongering
There are a number of stories of the starving Afghan children
Pix, too
We all know Brandon’s great on destroying economies!
I’m sure Margharita Stancati has just released her piece on Afghanistan written by some contractor or agency with an agenda.
Them too!?
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