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douglas wissing

Afghan Central Bank Curbs Cash Exodus - WSJ.com - 0 views

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    "The Afghan central bank's efforts to curb the exodus of money abroad are bearing fruit...The money flow-part of it suspected by U.S. and Afghan officials to be stolen foreign aid and proceeds from the drug trade-undermines the country's economy just as foreign forces depart. The cash flight also raises Western concerns about Afghanistan, already the source of most of the world's illicit opiates, becoming a global money-laundering center. "
douglas wissing

The Taliban and Afghan govt. in cahoots - 0 views

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    "Transcending its traditional Pashtun base, the Taliban is bolstering its influence in the central-eastern provinces by installing shadow governments and tapping into the vulnerabilities of a central government crippled by corruption and deeply dependent on a corrosive war economy. Collusion between insurgents and corrupt government officials in Kabul and the nearby provinces has increased, leading to a profusion of criminal networks in the Afghan heartland."
douglas wissing

An Afghan banking scandal guide. Ah, those wacky Afghans and their enablers. - 0 views

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    Afghan officials and the country's former central bank governor have been swapping blame for the worst financial crisis in Afghan history. Abdul Qadeer Fitrat, Afghan Central Bank head, fled to US after accusing powerful politicians of financial malfeasance at the largest Afghan bank, where over $900 million is missing. Afghan officials countered with an arrest warrant for Fitrat, charging him with fraud and saying that as the country's chief banker he failed to catch the illicit dealings. Kids, kids...
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