Afghan Bank Run No Cash Taliban Takeover Bitcoin Fixes

​Hundreds of residents of the Afghan capital, Kabul, rushed to banks on August 15 to withdraw money from their bank accounts as Taliban fighters took over the city demanding the government’s surrender, Al Jazeera reported.

After the Taliban takeover, which followed hours of negotiations for a peaceful transition of power with President Ashraf Ghani, Afghans and foreigners alike have been racing to the airport to exit the city. Ghani later left the country, and the Taliban said it would soon announce the Islamic Emirate of Afghanistan from the presidential palace.

Hundreds of people have since lined up at cash machines and bank agencies to withdraw their life savings before fleeing the country, but only to hit a brick wall. Abdul Mossawer, a 32-year-old policeman, was told by bank workers that there was no cash for him to withdraw. Even though he insisted, the bankers would repeatedly tell various reasons for the delay in getting the people their money.

Afghans wait in long lines for hours to withdraw money in front of a bank in Kabul. [Rahmat Gul/AP Photo]

“Is your money in the bank? Then it’s not yours. Afghanistan is just the latest crisis to illustrate the critical value of custodying your family’s savings,” tweeted Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation.