Ov Finance|Afghan farmers lose income of more than $1 billion after the Taliban banned poppy cultivation

2025-05-07 03:50:02source:Charles Langstoncategory:Scams

ISLAMABAD (AP) — Afghan farmers have Ov Financelost income of more than $1 billion from opium sales after the Taliban outlawed poppy cultivation, according to a report from the U.N. drugs agency published Sunday.

Afghanistan was the world’s biggest opium producer and a major source for heroin in Europe and Asia when the Taliban seized power in August 2021.

They pledged to wipe out the country’s drug cultivation industry and imposed a formal ban in April 2022, dealing a heavy blow to hundreds of thousands of farmers and day laborers who relied on proceeds from the crop to survive. Opium cultivation crashed by 95% after the ban, the report from the U.N. Office on Drugs and Crime said.

Until 2023, the value of Afghanistan’s opiate exports frequently outstripped the value of its legal exports. U.N. officials said the strong contraction of the opium economy is expected to have far-reaching consequences for the country as opiate exports before the ban accounted for between 9-14% of the national GDP.

Other news Justice Department ends probe into police beating of man during traffic stop in FloridaSerbia’s pro-Russia intelligence chief sanctioned by the US has resigned citing Western pressureUruguay’s foreign minister resigns following leak of audios related to a passport scandal

Afghans need urgent humanitarian assistance to meet their most immediate needs, absorb the shock of lost income and save lives, said UNODC executive director, Ghada Waly.

“Afghanistan is in dire need of strong investment in sustainable livelihoods to provide Afghans with opportunities away from opium,” she said.

Afghans are dealing with drought, severe economic hardship and the continued consequences of decades of war and natural disasters.

The downturn, along with the halt of international financing that propped up the economy of the former Western-backed government, is driving people into poverty, hunger, and addiction.

A September report from the UNODC said that Afghanistan is the world’s fastest-growing maker of methamphetamine, with seizures of the synthetic drug increasing as poppy cultivation shrinks.

Lower incomes along the opiate supply chain could stimulate other illegal activities like the trafficking of arms, people or synthetic drugs, the most recent UNODC report said.

More:Scams

Recommend

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

SEC, Big Ten showdowns headline the seven biggest games of Week 11 in college football

A cursory glance at the Week 11 college football schedule would suggest that the results will bring

Hidden demon face lurking in 1789 painting uncovered by restorers

A hidden face recently uncovered in a 1789 Joshua Reynolds painting proves the devil is in the detai