DMac
2nd September 2010, 12:23 PM
interesting...
Run on Afghan bank's deposits reported (http://www.msnbc.msn.com/id/38976292/)
NBC News: Large investor confirms funds were used to buy Dubai villas
WASHINGTON  About $155 million in deposits have been withdrawn from Afghanistan’s largest bank in just the last two days, spurring fresh concerns among U.S. and Afghan officials that a financial panic could spread through the country and derail the U.S. war effort, according to bank insiders and U.S. officials....
“If this collapses, there will be a meltdown,†Karzai said.
According to him, the Kabul Bank had more than $1.3 billion in assets and about $500 million in cash on hand before the crisis began.
Run on Afghan bank's deposits reported (http://www.msnbc.msn.com/id/38976292/)
NBC News: Large investor confirms funds were used to buy Dubai villas
WASHINGTON  About $155 million in deposits have been withdrawn from Afghanistan’s largest bank in just the last two days, spurring fresh concerns among U.S. and Afghan officials that a financial panic could spread through the country and derail the U.S. war effort, according to bank insiders and U.S. officials....
“If this collapses, there will be a meltdown,†Karzai said.
According to him, the Kabul Bank had more than $1.3 billion in assets and about $500 million in cash on hand before the crisis began.