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The United Nations warns of the collapse of the Afghan banking system

2021-11-22T09:41:15.425Z


United Nations, SANA- The United Nations has warned of the collapse of the banking system in Afghanistan within months due to a rise in the number of


UN-SANA

The United Nations has warned of the collapse of the banking system in Afghanistan within months due to the high number of customers who are unable to pay their loans, the decline in deposits and the liquidity crisis.

The United Nations Development Program said in a three-page report on Afghanistan's banking and financial system, as reported by Reuters today, "The economic cost of the collapse of the banking system and the consequent negative social impact will be huge, especially since the financial and banking payment systems in Afghanistan are in disarray. “.

Since the Taliban seized power last August, the United Nations has repeatedly warned that Afghanistan's economy is on the verge of collapse, which will trigger a refugee crisis, and that if the banking system fails, the process of rebuilding it may take decades.

Source: sena

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