Afghanistan’s financial system is on the brink of collapse

A UN Development Program document seen by Reuters said that Afghanistan’s banks desperately need help, and that the negative effects on Afghan people “would be colossal” if that help doesn’t come.

The report said, according to Reuters: “Afghanistan’s financial and bank payment systems are in disarray. The bank-run problem must be resolved quickly to improve Afghanistan’s limited production capacity and prevent the banking system from collapsing.”

The US froze nearly $9.5 billion in assets that belong to Afghanistan’s central bank after the Taliban takeover.

The United Nations previously warned that millions of people could starve in Afghanistan.