Friday, March 23, 2012

Money Leaving Afghanistan in Millions Each Day

A recent news article reflects the growing concern that Afghan government officials have over the tremendous amounts of money leaving Afghanistan every month. Over $4.6 Billion dollars left through Kabul Airport during 2011. That was the "declared" sum; the amount of money that left through other airports or that was undeclared is not known. The entire Afghan government budget is $4.8 billion - so the amount of money that left the country is almost equal to the government's budget. Most of the money has found its way to Dubai bank accounts or real estate property. The money is estimated to be either drug money or money skimmed off of international aid donations by corrupt government officials.

Read the article in "Rampant Capital Flight Saw $4.6 Billion Leave Afghanistan In 2011", Economy Watch, March 19, 2012.

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