The Economic Crisis In Afghanistan Has Begun


Afghanistan’s economic crisis forces people to sell their possessions on the street.

After capturing Kabul, the capital of Afghanistan, on August 15, the Taliban reigns in the country with the Sharia law.

The anticipated financial crisis has recently arisen in the country, with people looking to sell their possessions on the streets.

In Afghanistan, banks are closed for weeks, and ATMs have run out of cash. The citizens who have saving accounts in the banks are not able to withdraw any money.

With the new order in the street, people of Afghanistan sit at home with fear, forcing them to close down their shops and restaurants. The Taliban soldiers now patrol the street of Afghanistan.

Many state officials who used to work for the government of Afghanistan before the Taliban took over have not been paid.

According to the United Nations (UN), 18 million people in Afghanistan were dependent on humanitarian aid.

This number of people is half the population of the whole country.

António Guterres, the UN secretary-general, has warned of a humanitarian catastrophe looming in Afghanistan. The new hardships are visible on the streets.


Haji Nader is a seventy-year-old man who sits on the street to buy goods from families who require money or food and are trying to flee the country.

He says that the things he has bought are from the families who want to fly away to Europe, Turkey or Canada, and many people are leaving the country.

People are selling off their things so that they can buy some food.

He says that the new government should create jobs for the citizens soon as people are impoverished now.

Now, as Afghanistan’s economy is dependent on foreign aid, The World Bank and The International Monetary Fund have halted their funding in response to the Taliban taking over Afghanistan.

Marcela Sanchez-Bender, the spokesperson of The World Bank, said that they are deeply concerned about the condition in Afghanistan and the impact on the country’s development progress, especially for women.

The general Afghan public

Shaparak, an Afghan citizen and a mother of 10, said that she doesn’t care if the Taliban forces her to wear a burqa as she wears a burqa and hijab anyway.

She says the primary problem is that people are sitting jobless in this country.

Maryam, a 34-year-old shop owner who sells hairspray, buttons, teapots and scarves, says that business has been slow for several months and has taken a significant blow since the Taliban took over the city on August 14.

She says the USA and other European nations rescued the rich people to their countries, and the rest are left here in poverty.

She says that she will stand against the Taliban if they stop them from working. She says she has to work, work for her child.

Many citizens of Afghanistan are worried as they lack basic life necessities and have to rely on international funding to rescue them.

Manan Khandelwal
Manan Khandelwal
A student of Mumbai University, an avid fantasy reader and a football enthusiast



More like this

At eighty-eight, I feel eighteen again- Ruskin Bond

Life isn't about waiting for the storm to pass;...

PM Modi to attend Quad Summit

PM Modi to attend Quad Summit.PM Modi will be...

Russia: Putin undergoes surgery amid speculations around his health 

Reports from Russia claims that Putin’s surgery "went well...

Why monkeypox cases are spreading in Europe and the US 

A few cases of monkeypox have now been reported...