INTERNATIONAL NEWS ABOUT AFGHANISTAN :Afghanistan's banking system is in danger of collapse, UN

key points; international news, banking systems of Afghanistan, economic situations of Afghanistan by UNITED nations, cause of negative social effects about Afghanistan Afghanistan's banking system is in danger of collapse, UN, foreigner media report about Afghanistan,.moreover they said Afghanistan's financial system could collapse if they don't take it serious.

The United Nations has called for an urgent investigation into Afghanistan's banks, warning that the financial system could be destroyed within a few months due to non-payment of loans by citizens, non-collection of funds and liquidity of cash. According to foreign media reports, in a three-page UN report on Afghanistan's banking and financial system, the United Nations Development Program (UNDP) says that the crisis in the banking system has "greatly affected" the economy. There will be more 'negative social effects'. Foreign development cooperation was abruptly halted on August 15 after the removal of the Western-backed government and the Taliban's takeover, leaving the economy in crisis and putting pressure on the banking system. It may be recalled that the country has set a limit on weekly withdrawals from banks in order to prevent banks from withdrawing money from the country. Problems facing banks must be addressed as soon as possible to increase Afghanistan's productivity and prevent the banking system from collapsing. Now it is needed that we should think about to findout a way to ensure that if we are cooperating with the banking system, we are not supporting the Taliban," said Abdullah al-Dardari, head of the UNDP. We are in a difficult situation, so we have to think outside the box considering all possible options Afghanistan's financial system could collapse, UN Monday 22 November 2021 23:26 The United Nations has said that the failure of the people in Afghanistan to repay the loans, low deposits, lack of cash could destroy the financial system. According to a foreign news agency, the report on banking and financial system in Afghanistan said that immediate steps are needed to support Afghan banks, the economic and social consequences of the destruction of the financial system in Afghanistan will be dangerous. According to the report, Afghanistan's financial and bank payment system is in disarray. It is noted that about 40% of Afghanistan's deposit base will be depleted by the end of the year. Deposit Insurance Scheme, to ensure adequate liquidity for short, medium term requirements, credit guarantee and delay in repayment of loans.