Billions In Cash Flees Afghanistan, Economy Threatened -- Reuters(Reuters) - Wealthy Afghans are carrying about $8 billion -- almost double the state budget -- in suitcases out of the country each year, an amount likely to rise as the exit of foreign troops nears and threatening to ruin the fragile economy, a senior official said.
In an interview with Reuters, deputy central bank governor Khan Afzal Hadawal said confidence in the economy had eroded to such a degree over more than a decade of war that cash was pouring out of Afghanistan in suitcases and carry-on bags, taken to safe havens in Dubai and elsewhere.
Sitting in his office in the run-down Kabul central bank building, Hadawal put little faith in a the government's recently imposed $20,000 limit on cash being taken out.
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My Comment: When the Afghans themselves have no confidence in their country .... how can we?
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