Pajhwok Services

Photo Service

SMS News Service

Pajhwok combines its expertise and experience in news reporting with a telecom firm and thus reach a wider audience in an 
effective way.

To subscribe: 
English News Update : Send 83 to 824
Dari News Update : Send 84 to 824
Pashto News Update : Send 85 to 824

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

Afghanistan seeing gross currency outflows: US

Afghanistan seeing gross currency outflows: US

Mar 04, 2011 - 18:07

WASHINGTON (PANinfo-icon):  Afghanistaninfo-icon is currently experiencing gross outflows of currency, with hundreds of millions of dollars transported out of the country every year by a variety of means, the State Department has said.

"Terrorist and insurgent financing, money laundering, cash smuggling, informal value transfer systems and other activities designed to finance organised criminal activity continue to pose a serious threat to the security and development of Afghanistan," it said.

According to the 2011 International Narcotics Control Strategy Report of the State Department, Afghanistan remains a major drug-trafficking and drug-producing country. The illicit narcotics trade, corruption and contract fraud are cited as major sources of laundered funds.

"Despite ongoing efforts by the international community to build the capacity of Afghan police and customs forces, Afghanistan is unable to consistently uncover and disrupt financial crimes because of limited resources, little expertise and corruption and insufficient political will," the report added.

Proposed reforms often conflicted with legal, historical and cultural factors, it said. Money laundering and terrorist financing investigations are been hampered by a lack of capacity, awareness and political commitment, particularly involving prosecutors and courts.

Permeating all levels of Afghan government and societyinfo-icon, graft had a direct impact on the lack of financial crimes enforcement, the document pointed out. The State Department estimated Afghanistan produced approximately 90 percent of the worldinfo-icon’s illicit opium. Poppy cultivation remained stable in 2010, but opium production decreased due to a blight that affected crop yields in high cultivation provinces, it said.

Afghanistancultivated 119,000 hectares of illicit opium poppy in 2010, which yielded a potential opium gum production of 3,200 metric tonnes, it said. The United Nations Office on Drugs and Crime (UNODC) also surveys illicit poppy cultivation in Afghanistan.

Afghanistancultivated 123,000 hectares of opium poppy in 2010, the same as 2009, according to UNODC, estimated that the outlawed crops in 2010 yielded only 3600 metric tonnes of raw opium, down by 48 percent from 6900 metric tonnes in 2009.

The State Department recommended that farmers and those involved in processing and trafficking drugs must have viable economic alternatives to involvement in the narcotics trade. "This will require improvements in security and market access, as well as continued efforts to increase agricultural and other alternative livelihoods throughout the country."



Related Article

Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


Add new comment


Twitter Update