The Media Line led over twenty years ago in pioneering the American independent news agency in the Middle East, arguably the first in the region. We have always stayed true to our mission: to provide you with contextual sourced and trustworthy news. In an age of fake news masquerading as journalism, The Media Line plays a crucial role in providing fact-based news that deserves your support.

We're proud of the dozens of young students we've trained in our Press and Policy Student Program who will form the vanguard of the next generation of journalists to the benefit of countless millions of news readers.

Look out for exciting new additions as we enter 2022.

We thank our loyal readers and wish you all the happiest of holidays.
The Media Line

Non-profit news needs public support.
Please support us with your generous contributions:
Afghanistan’s Banking System Teeters on Collapse as Customers Withdraw Funds
Afghans line up outside a bank to take out cash after Taliban's takeover in Kabul, Afghanistan, on Sept. 2, 2021. (Bilal Guler/Anadolu Agency via Getty Images)

Afghanistan’s Banking System Teeters on Collapse as Customers Withdraw Funds

Afghan citizens stood or sat in long lines outside banks in Kabul Thursday, often crowding the streets for hours, hoping to withdraw their funds, after the banks limited withdrawals to 20,000 afghani ($200) per day. The banks first closed pm August 15 as the Taliban took control of the country’s capital, and remained shut for 10 days. When the former government fell to the Taliban, the United States froze the country’s gold and cash reserves held in the US, worth billions of dollars, and the International Monetary Fund blocked access to a $460 million emergency reserve. At the same time, the World Bank suspended its aid to Afghanistan as the Taliban took power, due to concern for “the impact on the country’s development prospects, especially for women.” The World Bank’s website says it has provided $5.3 billion to the war-torn country since 2002. The afghani has fallen 4.6% against the dollar since the Taliban took over the country, where per capita GDP has been hovering around $500 and more than a third of the people live on less than $2 per day.

Give the Gift of Trusted News!

Dear friends,

The Media Line is always there to report to you the stories and issues of the Middle East – completely and in context: TML is the source you can trust.

Know The Media Line to Know The Middle East!

Please support our ad-free, nonprofit news agency. Our seasoned journalists reporting from the Middle East are working day and night during these challenging, yet defining times; and our student interns are honing their knowledge and skills, preparing to emerge as tomorrow’s journalists.

You rely on us and we’re relying on you! Make your online tax-deductible donation here and contact us regarding donations through appreciated stock, donor advised funds, qualifying IRA distributions and other charitable instruments.

Thank you for confidence in The Media Line.
 
Felice Friedson
Founder, President

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.