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Traders warn of uncontrollable economic crisis

· 2 min read · 314 views

JALALABAD (Pajhwok): Three billion dollars out of the total nearly $10 billion reserves of the Da Afghanistan bank frozen by the US belongs to Afghan traders, industrialists said on Thursday.

The traders and industrialists said they were concerned if the World Bank did not help unfreeze the government’s reserves in US banks and local banks were not reopened to traders, Afghanistan would face a bad economic situation.

The US froze about $9.5 billion of the Afghan government's reserves in US banks after the Taliban seized Kabul and other donors halted their aid to Afghanistan.

Addressing a press . . .

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