Thursday, 6 February, 2025
Business

Money Remittance Keeping Afghanistan’s Economy Alive

Money Remittance Keeping Afghanistan’s Economy Alive
  • PublishedAugust 6, 2023

Money remittances from other countries to Afghanistan have helped not only individual households’ economies but also the country’s economy at large.

Money exchangers’ association at Kabul Sarai Shahzada says hundreds of people come to their shops every day to receive the money sent from their family members working abroad.

They say the amount of this money reaches millions of dollars in a week.

“A large number of Afghans have gone abroad to work; they send money to their families in Afghanistan and the amount of this money is millions of dollars every week.” Said Abd-u-Rahman Zirak, head of Afghanistan’s exchangers’ association.

Although Afghanistan is going through its worst unemployment and poverty situation, these remittances have mitigated the risks of a humanitarian catastrophe.

Obaidullah, who has come to receive his remittance sent by his brother from Germany is one of the thousands of such people who refer to money exchangers’ shops daily across the country.

“I have come here to collect the money that my brother has sent,” said Obaidullah, “I do not have a job, my brother is the sole breadwinner in our family.”

Said Agha Dawlatzai is another one receiving money from abroad. He says he has a job but cannot afford the daily expenses of his family so he asks his brother to send them money.

Economic experts suggest that the remittances should not be limited to some families but the money should be invested and used to create jobs so that those looking for jobs can work and support their respective families.

Although Afghan people have been traveling abroad for working purposes for the past nearly ten years but the process expedited in the past couple of hours following changes in the political system.

Illegal ways of immigration in Europe are deadly but Afghan families take the risk of sending at least one member of the family due to instability in Afghanistan’s political and economic systems.

Written By
Editor