The Fight Over Afghanistan’s Money
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 17 August 2022
⏱️ 16 minutes
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| 0:00.0 | A year ago this week, the Taliban took control of Afghanistan. |
| 0:10.9 | And since then, the country's already fragile economy has gone into a tailspin, and millions |
| 0:17.3 | of Afghans are facing starvation. |
| 0:21.2 | What happened in August was a huge shock because all of a sudden, even the limited aid |
| 0:27.9 | flows that were still continued to the country were cut off. |
| 0:32.1 | That's our colleague Jessica Denati, who lived in Afghanistan for four years. |
| 0:37.4 | Many international banks and companies stopped stealing with Afghanistan pretty much overnight. |
| 0:44.9 | The US and its allies, the main employer in the country, or at least the wealthiest employer |
| 0:50.5 | in the country left. |
| 0:51.8 | And so suddenly you had this huge spike in joblessness along with the near standstill |
| 0:58.1 | of the banking system and that delivered a huge shock. |
| 1:01.6 | So the economy has gone into freefall. |
| 1:06.3 | The country needs money, and it has money, saved in foreign banks in the US and in Europe. |
| 1:13.9 | But there's a problem. |
| 1:16.5 | That money is frozen. |
| 1:18.5 | The US and its allies are refusing to hand it over to the Taliban. |
| 1:25.3 | What's now up for debate is what should happen to this money? |
| 1:28.6 | Should they give it back to the Taliban government? |
| 1:32.1 | Because the economy badly needs this money. |
| 1:34.9 | So do you give it back and try and help the population that way? |
| 1:39.4 | Or do you continue to use it to try to press the Taliban to do some of the things that the |
| 1:46.4 | US wants to see the Taliban do? |
... |
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