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Web Editors' Choice 2012

By Bloomberg - 2012-12-24T16:25:34Z

Photograph by Massoud Hossaini/AFP via Getty Images

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Afghan Cash Flies First Class

As much as 97 percent of the Afghan economy is now based on spending by U.S. and allied forces. What's happening to all that money? As Eltaf Najafizada reports from Kabul, much of it is leaving the country in stacks of $100 bills aboard flights to Dubai, where wealthier Afghans stash their money. While Afghanistan has officially limited cash outflows to $20,000, Najafizada reports how that limit can be stretched: In the middle of an interview he conducted, one Afghan official raises that limit to $500,000 for a man the official can "vouch for."