Afghanistan’s economy is on the brink
A developing economic crisis in Afghanistan is adding a fresh layer of turmoil in the country.
Why it matters: “[T]he value of the Afghan currency could collapse, inflation could accelerate and the mix of violence and chaos could be prolonged,” the AP writes.
Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free
What’s new: Wire-transfer services Western Union and MoneyGram stopped facilitating payments into Afghanistan, a flow of money that’s “a key source of support for many Afghan families,” the Wall Street Journal reports.
The big picture: The country’s economy has relied on foreign aid that’s at risk of shriveling up with the Taliban takeover.