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OUTSIDERS AIM TO GET THEIR TEETH INTO AFGHAN BANKING - 2003-08-15

Posted July 10th, 2007 by heritage
in
Date: 
Friday, 2003, August 15
Location: 

Standard Chartered, the UK-based bank, hopes to open the country's first ATM machine by late September, pending approval of its application to set up shop there. In an effort to help kick-start the small-business sector, Aga Khan Fund for Economic Development (AKFED) has applied for a licence to open First MicroFinance Bank of Afghanistan, which will make loans of up to about $5,000 to small enterprises.

person_place_reference: 
H.H. Prince Karim Aga Khan IV
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Outsiders aim to get their teeth into Afghan banking - OUTSIDERS AIM TO GET THEIR TEETH INTO AFGHAN BANKING - 2003-08-15

Posted July 9th, 2009 by heritage
in
Source: 
Financial Times

Amin Khosti spreads a wad of banknotes like playing cards between his chubby fingers: Swiss francs, euros, sterling, dollars, Saudi riyals and rupees. He handles about $200,000 a day in transactions with any of 120 countries at his shop in Shahzada, Kabul's teeming money market.

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