On the 15th of August, Afghanistan was shaken to its very core. The capture of Kabul and the landslide of a victory that followed brought about immense changes to the country. Some bad. Very, very bad. Bad and catastrophic. Specifically, the economy.
Afghanistan's economy wasn't exactly flourishing before this. However, the new Taliban rule seems to have only added to the cobwebs in the coffers. With the fleeing of very talented workers and professionals from Afghanistan, the country is experiencing a ‘brain drain'. The loss of these people means not only the loss of valuable labour but also a much higher unemployment rate-a whopping 13%. Lamentably, this was only the start.
Violations of women's rights have driven them out of work and brought even more dismay to the workforce hanging on by threads and gum. Women are forced to wear hijabs and cover their entire face to get an education, let alone work a job. What would leave you surprised is that these are just a few ingredients in this salty cake.
The icing on the cake is, Afghanistan's international trade market is in tatters. The main exports of this trade market are fruits and nuts. Due to refugees fleeing, rapidly closing trade routes, and the USA freezing foreign exchange reserves worth around 9.5 billion dollars, prices have inflated to almost thrice the original price, and the exchange rate of the currency, Afghan afghani is dipping so low, that it is breaking records.
To sum up, Afghanistan's economy is hitting an all-time low and the situation doesn't seem to be getting much better any time soon.