Massive Withdrawals Continue at Kabul Bank

Afghans are withdrawing their savings from struggling Kabul Bank at a record pace despite attempts by central bank officials to reassure nervous depositors that their money was safe. According to the WSJ, Afghani depositors withdrew $180 million on Wednesday and Thursday — that’s more than a third of the $500 million the bank had on hand before the onset of the crisis — and even Saturday the run continued.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.