The Fort Worth Press - Three years after Taliban return, economic woes loom large

USD -
AED 3.67298
AFN 69.341529
ALL 89.034836
AMD 387.423953
ANG 1.803813
AOA 928.502449
ARS 962.731802
AUD 1.467825
AWG 1.8
AZN 1.695264
BAM 1.752415
BBD 2.020823
BDT 119.608265
BGN 1.760945
BHD 0.376825
BIF 2901.136119
BMD 1
BND 1.29238
BOB 6.916171
BRL 5.4254
BSD 1.000914
BTN 83.716457
BWP 13.169307
BYN 3.275482
BYR 19600
BZD 2.017409
CAD 1.356675
CDF 2871.00015
CHF 0.84765
CLF 0.033735
CLP 930.860214
CNY 7.052599
CNH 7.051315
COP 4165.25
CRC 518.478699
CUC 1
CUP 26.5
CVE 98.795796
CZK 22.476201
DJF 178.230951
DKK 6.68244
DOP 60.08153
DZD 132.411724
EGP 48.531501
ERN 15
ETB 115.187488
EUR 0.895775
FJD 2.199802
FKP 0.761559
GBP 0.751815
GEL 2.729695
GGP 0.761559
GHS 15.764174
GIP 0.761559
GMD 68.500902
GNF 8648.20307
GTQ 7.736831
GYD 209.357752
HKD 7.792565
HNL 24.828192
HRK 6.799011
HTG 131.899147
HUF 353.179652
IDR 15149.75
ILS 3.767105
IMP 0.761559
INR 83.586799
IQD 1311.118478
IRR 42092.502952
ISK 136.410326
JEP 0.761559
JMD 157.248201
JOD 0.708702
JPY 143.765059
KES 129.109975
KGS 84.274985
KHR 4062.396402
KMF 441.350276
KPW 899.999433
KRW 1333.754984
KWD 0.30506
KYD 0.834087
KZT 479.369574
LAK 22100.764289
LBP 89627.804458
LKR 304.66727
LRD 200.173823
LSL 17.438602
LTL 2.95274
LVL 0.60489
LYD 4.767579
MAD 9.706293
MDL 17.46575
MGA 4509.533367
MKD 55.207111
MMK 3247.960992
MNT 3397.999955
MOP 8.03489
MRU 39.619734
MUR 45.879444
MVR 15.35953
MWK 1735.530896
MXN 19.44677
MYR 4.197504
MZN 63.849807
NAD 17.438602
NGN 1639.930035
NIO 36.834607
NOK 10.5085
NPR 133.938987
NZD 1.603116
OMR 0.384962
PAB 1.000914
PEN 3.75751
PGK 3.973765
PHP 55.613499
PKR 278.366694
PLN 3.831194
PYG 7813.059996
QAR 3.648899
RON 4.455898
RSD 104.877017
RUB 93.125823
RWF 1347.932048
SAR 3.752485
SBD 8.306937
SCR 13.619937
SDG 601.497895
SEK 10.1827
SGD 1.291425
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 572.007132
SRD 29.853022
STD 20697.981008
SVC 8.757515
SYP 2512.529936
SZL 17.425274
THB 33.028991
TJS 10.639297
TMT 3.5
TND 3.031476
TOP 2.342097
TRY 34.112845
TTD 6.803337
TWD 31.986796
TZS 2728.701955
UAH 41.476059
UGX 3716.579457
UYU 41.116756
UZS 12750.992321
VEF 3622552.534434
VES 36.754912
VND 24590
VUV 118.722009
WST 2.797463
XAF 587.732958
XAG 0.031995
XAU 0.000383
XCD 2.70255
XDR 0.741793
XOF 587.732958
XPF 106.857097
YER 250.325031
ZAR 17.562597
ZMK 9001.2318
ZMW 26.047299
ZWL 321.999592
  • RIO

    2.2700

    65.18

    +3.48%

  • CMSC

    0.0650

    25.12

    +0.26%

  • BTI

    -0.3100

    37.57

    -0.83%

  • SCS

    -0.8000

    13.31

    -6.01%

  • CMSD

    0.0300

    25.01

    +0.12%

  • RBGPF

    60.5000

    60.5

    +100%

  • BP

    0.3300

    32.76

    +1.01%

  • NGG

    -1.2200

    68.83

    -1.77%

  • BCE

    -0.4200

    35.19

    -1.19%

  • GSK

    -0.8100

    41.62

    -1.95%

  • BCC

    7.6300

    144.69

    +5.27%

  • AZN

    0.3200

    78.9

    +0.41%

  • RELX

    0.7600

    48.13

    +1.58%

  • RYCEF

    -0.0200

    6.93

    -0.29%

  • JRI

    -0.0400

    13.4

    -0.3%

  • VOD

    -0.1700

    10.06

    -1.69%

Three years after Taliban return, economic woes loom large
Three years after Taliban return, economic woes loom large / Photo: © AFP/File

Three years after Taliban return, economic woes loom large

Despite three years of improved security following the end of the Taliban's insurgency, Afghanistan's economy remains stagnant and its population is in the grips of a worsening humanitarian crisis.

Text size:

A third of Afghanistan's roughly 40 million people live on bread and tea, according to the United Nations, there is massive unemployment, and the World Bank warns of zero growth over the next three years.

But there have been some positive changes since the Taliban takeover in 2021 -- even if their government remains unrecognised by any other country.

The currency has been resilient, corruption is no longer ubiquitous, and tax collection has improved.

Authorities have also built "economic, commercial, transit and investment" ties in the region, according to Ahmad Zahid, deputy commerce and industry minister.

Afghanistan has great mineral and agricultural potential, which the Taliban government is attempting to exploit, but they are impeded by poor infrastructure and a lack of domestic and foreign expertise and capital.

Though Afghans welcome the improved security in their lives, many are just trying to make ends meet.

AFP spoke to four people from different parts of the country ahead of the anniversary of the fall of Kabul this week:

- The optimistic businessman -

For 54-year-old Azizullah Rehmati, business is booming -- his saffron company in the western province of Herat is set to double production this year.

Until 2021, his "Red Gold Saffron Company" hired armed guards to escort the valuable spice from the factory to the airport, but the improved security climate has done away with the need for such overt protection.

"Now there is no problem," said Rehmati, who exports to 27 countries.

At his processing facility, women sort the red stigmas of the precious saffron spice with tongs.

Taliban government restrictions on women have slashed their participation in the workforce, but Rehmati's company is among the 50 percent of Afghan employers who still hire women.

Still, a key challenge for Rehmati -- and Afghanistan as a whole -- is the crippled banking sector.

"It is so important that we have the banking channels reopened," said Sulaiman Bin Shah, deputy trade minister under the previous government.

The sector has been blocked by international sanctions and the freezing of central bank assets.

Rehmati's bank can't send money abroad -- or receive transfers -- meaning he has to resort to more expensive private money changers in Dubai.

Getting visas for foreign trips is also a major problem.

Many foreign nations shuttered their embassies in the wake of the Taliban takeover and Afghan passports are rated the worst in the world by the Henley Index, which tracks global ease of travel.

"We will fall back from the world market," Rehmati said.

- The out-of-work musician -

Wahid Nekzai Logari played in Afghanistan's national orchestra and performed concerts on the sarinda, a traditional stringed instrument, as well as the harmonium.

"I supported my whole family. We had a good life," said the 46-year-old in his modest home in a Kabul suburb.

But the Taliban government has prohibited public performances of music, deeming it un-Islamic, leaving thousands involved in the industry destitute.

"Now I'm unemployed," Logari said.

To feed his family of seven he sometimes drives a cab -- earning just 5,000 afghanis a month ($70), a fifth of what he used to earn from his concerts.

"Nobody told us, 'you can't play music anymore, but we'll find you a way to feed your family'," he said.

- The insurgent-turned-bureaucrat -

Abdul Wali Shaheen wanted to "die a martyr's death" in the Taliban ranks, but after their victory he swapped his rocket launcher for a computer at the Department of Information and Culture in Ghazni province.

"I wasn't as stressed (then) as I am today," the 31-year-old said wryly.

"All we did was wage jihad, now it's harder. I have more responsibilities in regards to the people."

Still, Shaheen'smonthly salary of 10,000 afghanis is enough to feed his family of five, and he is happy with the direction the country is going.

"I give the Emirate a 10/10 for these three years," he said.

"Everything is going well and we have hope for the future."

- The hidden beautician -

The order to close beauty salons last year "broke her heart", but Sayeda -- not her real name -- reopened in secret four months ago elsewhere in Kabul.

"We found this place to rent, with the condition that customers come very discreetly and that some of our employees sleep here so that neighbours think a family lives here," said the 21-year-old manager.

"Before, we had 30 to 40 customers a day, now it's six or seven," said Sayeda, who has nevertheless kept her 25 employees so that "everyone has an income".

Sayeda's salary has dropped from 25,000 afghanis per month to between 8,000 and 12,000.

"We're working in hiding and we don't know for how much longer," she said, noting the risk of being shut down by the police.

When they've "found some (underground) salons, they broke the equipment, mistreated the staff" and imposed fines, she said.

A.Williams--TFWP