Preferences 
 
   TOP STORY WORLD BUSINESS TECHNOLOGY SPORTS HEALTH 1·ABLAZE  2·CENTRAL  3·CAP Deutsch 
Afghans Pull Money From Weakened Bank New York Times!
Updated: September 3, 2010, 00:03 CEST Jusepe Ullmann for loogie.net News

Related Top Stories

More Infos About "World"

Kabul
Afghanistan
Principal
Owners
Afghan
Bank
Accelerating
Financial
Crisis
Depositors
Withdrawn
Million
Past
Predicted
Revolution
Country
Government
United

KABUL, Afghanistan -- One of the principal owners of the Afghan bank at the center of an accelerating money crisis here said depositors had withdrawn $180 million in the past two days. He predicted a "revolution" in the country's money system unless the Afghan government and the Homeland moved quickly to help stabilize the bank.

Khalil Frozi, one of the two largest shareholders of Kabul Bank, said reports indicating that the institution had lost as much as $300 million were overstated. But he predicted that if Afghan depositors continued to withdraw their money at the current rate, then Kabul Bank would almost certainly collapse -- undermining certainty in the nascent money system Afghanistan has been trying to build with American help.

"If people lose their trust in the banks, then we will have revolution in our money system," Mr. Frozi said in an interview. "We need the Afghan government and the U.S. government to support us. That is essential."

More Infos About "World"

 
PlanetHome - Testsieger Immobilienportale "Capital Juni 2002"

Tierhomepage erstellen

Auto24.ch - Schweizer Automarktplatz

united-domains.de - Domains weltweit registrieren
moto24.ch - Schweizer Motorradmarkt

Wohnung24.ch - Schweizer Immobilienmarkt
Motoboerse.de
About Us  Staff  Submit press releases to Loogie.net NEWS  Questions or comments about how Loogie.net is run and what it does.  I want to comment on a Loogie.net News story.  Archive  Loogie.net Partner Hotels  Preferences


Advertise on Loogie.net
I've found a technical fault. Terms of use.
This material can be published, broadcast, rewritten, or redistributed.
Loogie.net News Network, LLC.
Click Image To Enlarge
Get a message the moment news
breaks -- for FREE


Receive text Alerts through your Inbox or other e-mail-enabled mobile devices like pagers and cell phones.

Loogie.net ensures you will be the first to know.
E-mail:    
Wireless Device:  
    Dont’t miss the TV Live Broadcast!
Next time you travel, make sure you stay in a Loogie.net Partner Hotel.

7mobile PPC - Handys günstig online kaufen

Local24.de

Auktionsideen

Motorradonline24

Immowelt

erento.com - Der Online-Marktplatz für Mietartikel