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Afghans continue pulling money from troubled bank

KABUL, Afghanistan – Nervous Afghans pulled more deposits out of the nation's largest bank on Saturday, despite assurances from government leaders that their money was safe.Text
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Comments

  • BearBear Posts: 18,953 ✭✭✭
    The assurance by the Afghan Government ,is worth about

    a bucket full of spit...................................if that much.
    There once was a place called
    Camelotimage
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    Do they have deposite insurance similar to the FDIC? If not, I can't blame them.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Unfortunately the Afghani (AFA) is still just fiat money....backed by the full faith and confidence of the Afghani government.

    roadrunner
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  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>Unfortunately the Afghani (AFA) is still just fiat money....backed by the full faith and confidence of the Afghani government. >>



    I wonder what their currency will be worth after the U.S. military pulls out and the taliban takes over.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • BearBear Posts: 18,953 ✭✭✭
    Wouldn't it be interesting, if one morning, in the very near future, the Afghans and Mr Karzai

    wake up and find that every last American and coalition soldier and all of the equipment is gone.
    There once was a place called
    Camelotimage
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