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The result’s a convergence of economic woes that take the troubles of a poverty-stricken, war-torn nation, mixes them with the hardships confronted by U.S.-sanctioned states like Iran and Venezuela, then piles on the dire expertise of a nation like Argentina throughout its catastrophic debt default and banking disaster. Briefly, the Taliban, reduce off from international funding, can not pay salaries, leaving households unable to purchase meals. The Afghan Central Financial institution, beneath Taliban management, is choked off from the worldwide banking system and can’t present sufficient foreign money to native banks, which, in flip, can not fund companies and people. The broader non-public banking system is so starved of money that even Afghans who’ve financial savings are ready hours in line for minimal withdrawals.
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