Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule
10 months, 2 weeks ago

Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule

Associated Press  

KABUL, Afghanistan — Yunis Safi, a businessman in Kabul, knows very well the importance of showing off your phone if you want something done. The takeover sent Afghanistan’s economy into a tailspin, billions in international funds were frozen, and tens of thousands of highly skilled Afghans fled the country and took their money with them. The Taliban used to attack phone towers and threaten telecom companies, accusing them of colluding with United States and other international forces in helping track insurgents’ movements through mobile phone signals. Safi said he has many Taliban customers and it’s the younger ones who prefer iPhones. “The people buying the new release iPhones are the ones with relatives abroad sending money to Afghanistan.” Remittances are a lifeline, although they’re less than half of what they were before the Taliban took power and the banking sector collapsed.

History of this topic

'World's Best Performing Currency': Afghanistan's currency surges amid unique circumstances
1 year, 5 months ago
Afghanistan’s money is crumbling to pieces, just like its economy
2 years, 5 months ago
Crypto provides fix for some in crisis-hit Afghanistan
2 years, 11 months ago
Taliban bans the use of foreign currency across Afghanistan
3 years, 4 months ago
Afghans sell possessions amid cash crunch, looming crisis
3 years, 6 months ago
With banks shut and no money, Afghan man sells household items on Kabul streets to earn a living | Video
3 years, 6 months ago
Afghanistan crisis: Military blitz got Taliban quick territorial control but cash crunch makes governance challenging
3 years, 6 months ago
Taliban took Afghanistan but face cash squeeze
3 years, 6 months ago

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