The China Mail - Three years after Taliban return, economic woes loom large

USD -
AED 3.673042
AFN 65.000368
ALL 81.503989
AMD 360.340403
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.454757
AWG 1.8
AZN 1.70397
BAM 1.75029
BBD 2.013844
BDT 124.537437
BGN 1.747831
BHD 0.37735
BIF 3010
BMD 1
BND 1.281347
BOB 11.99429
BRL 5.504904
BSD 0.999897
BTN 93.858629
BWP 13.774679
BYN 2.994523
BYR 19600
BZD 2.011053
CAD 1.41135
CDF 2320.000362
CHF 0.820469
CLF 0.02484
CLP 977.630396
CNY 6.676504
CNH 6.67282
COP 3251.53
CRC 453.465426
CUC 1
CUP 23.998962
CVE 99.403894
CZK 21.83445
DJF 177.720393
DKK 6.708504
DOP 60.750393
DZD 136.38704
EGP 53.769786
ERN 15
ETB 161.203874
EUR 0.896804
FJD 2.25525
FKP 0.741654
GBP 0.748671
GEL 2.59504
GGP 0.741654
GHS 11.68504
GIP 0.741654
GMD 74.503851
GNF 8857.503848
GTQ 7.64085
GYD 209.627114
HKD 7.84215
HNL 27.07504
HRK 6.76901
HTG 131.052321
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.741654
INR 94.04725
IQD 1514
IRR 1891353.000352
ISK 122.790386
JEP 0.741654
JMD 158.687685
JOD 0.70904
JPY 158.50504
KES 129.950385
KGS 87.447804
KHR 4080.00035
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.833408
KZT 448.201333
LAK 22505.000349
LBP 89550.000349
LKR 332.502562
LRD 170.303772
LSL 16.560381
LTL 2.95274
LVL 0.60489
LYD 6.430381
MAD 9.757504
MDL 17.8737
MGA 4595.000347
MKD 55.203803
MMK 2099.952938
MNT 3601.972253
MOP 8.072028
MRU 40.250379
MUR 47.030378
MVR 15.403739
MWK 1737.000345
MXN 18.62534
MYR 4.061504
MZN 63.903729
NAD 16.560377
NGN 1347.210377
NIO 36.610377
NOK 9.459904
NPR 150.173627
NZD 1.803102
OMR 0.384144
PAB 0.999964
PEN 3.442504
PGK 4.492039
PHP 63.108038
PKR 276.625038
PLN 3.94555
PYG 6249.384815
QAR 3.643038
RON 4.792204
RSD 105.586038
RUB 81.925564
RWF 1475
SAR 3.754695
SBD 8.048583
SCR 14.018084
SDG 601.503676
SEK 9.894504
SGD 1.282604
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 571.503662
SRD 37.583504
STD 20697.981008
STN 22.275
SVC 8.748764
SYP 13001.999685
SZL 16.560369
THB 33.550369
TJS 9.224126
TMT 3.5
TND 2.985504
TOP 2.40776
TRY 50.141304
TTD 6.780829
TWD 32.775304
TZS 2642.503628
UAH 45.297
UGX 4089.81484
UYU 40.226773
UZS 12000.000334
VES 896.316404
VND 25582.5
VUV 119.513361
WST 2.778515
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.801976
XDR 0.707052
XOF 588.264929
XPF 107.450363
YER 236.625037
ZAR 16.51847
ZMK 9001.203584
ZMW 20.318702
ZWL 321.999592
SSP 5745.196153
MXV 2.095424
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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.

M.Zhou--ThChM