This was an important task: Afghanistan’s economy operates, and only about 10 to 15% of the population have a bank account. The APS was designed to help Afghanistan become financially secure, to make financial events safer and more secure, and to bring real banking to the masses. And, Mr. Khademi, was marching fast before taking his US military base and the Taliban took over.
Now, as the riots unfold in Afghanistan, the work is halted, and funds are being spent without any further intervention.
But some results were possible, says Kadademi: Afghanistan was probably only a year or two away from the 21st-century digital banking system that could deal with the lack of funding. His team was “dedicated and hardworking”, he says, always working up to 17 hours a day to support rapid growth. They were “too materialistic to stand on their own two feet.”
“We were hoping our efforts would pay off,” she says, weeping. “It seems like it was all nonsense, everything we did. It looks like a dream, but now it’s not coming true.”
Fifth things
Financial problems are not an accident. Much of Afghanistan’s wealth in the past has been kept in seafood accounts that have already cooled off to prevent the Taliban from gaining access to it. according to former Central Bank ambassador Ajmal Ahmady. And the US has decided to ban the Taliban – which is on the Treasury sanctions list – from accessing other funds cooling the arsenal of the Afghan government and stopping the delivery of the planned funds. Many Afghans have been expecting this for weeks, with long queues at banks where citizens worried about the future will lose their money.
The ATM service went through the roof. “Our friends [who work in banks] he says where he helps most of the day, he was doing thousands, ”said Ruchi Kumar, a journalist and MIT Technology Review correspondent who worked in Kabul for eight years but recently fled the country.
The problems associated with lack of funds are exacerbated. The US dollar is depreciating, the value of Afghanistan’s currency is declining and, according to Khademi, commodity prices are rising sharply. Money is flowing — Afghanistan has insufficient fixed banks, run even by unlicensed financial traders. According to sources, it is still working, but without a bank account, the money will soon run out.
Some outsiders are trying to stop the race by fleeing Online support camps, while others succeeded he also said that money laundering could be replaced.
But importing money from abroad has been very difficult. Western Union, the world’s largest money transfer company, is suspension work in Afghanistan, and NBC says MoneyGram has also suspended operations there. Currently other high-profile foreign websites, such as GoFundMe, have been accused of being “disrespectful” later. banning efforts to raise funds of the country itself allowing others to continue.
“I don’t think the day has come”
Although some digital methods have failed to address the problem of money laundering, there have been some opportunities to help others.
Kumar, a journalist, says Afghans at risk are using it as WasalPay – an online payment method to pay labor loans – to keep their debts high.
They use it to send money that people in trouble can use to connect. Its network includes journalists, human rights activists, and human rights activists; they can use WasalPay to raise funds from abroad, either through donations and donations, or from major sources such as the International Women Media Foundation.
