Panic Lines Form In Front Of Afghan Banks As Rumors Of An American Bailout Circulate

Bailout In The Works For Afghan Bank As Panic Continues -- New York Times

KABUL, Afghanistan — In a bid to fend off the threat of a nationwide financial crisis, the Afghan government worked to bail out the country's largest bank on Saturday after lines of frantic depositors had mobbed the bank for a third day.

Details of the deal were still being worked out on Saturday by the Central Bank of Afghanistan with assistance from the United States Treasury Department, Afghan and American officials said. But American officials said no United States funds were involved in the bailout.

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More News On The Afghan Bank And The Financial Crisis It is Causing

Withdrawals Continue at Afghanistan's Largest Bank -- Wall Street Journal
Afghans Continue Withdrawing Funds from Troubled Bank -- Voice of America
Afghans continue pulling money from troubled bank -- AP
Afghans crowd scandal-hit bank to withdraw savings -- AFP
Afghans continue pulling money out -- Press Association
Afghan officials resist clean-up of Kabul Bank as scandal engulfs elite -- The Guardian

My Comment: Will U.S. taxpayer monies be used .... certainly. Will anyone be punished for putting Afghanistan's banking system into such a mess .... probably not. Will this change the eventual U.S. retreat from the country and the return to power of the Taliban .... no .... but it will probably expedite the eventual U.S. withdrawal.