concept   banks
culture   Afghanistan
statement   In Afghanistan, informal cash-based transactions are widely used due to a lack of trust in traditional banking systems.

3 similar statements
# Concept Culture Statement Freq.
1 banking Afghanistan Physical cash is the primary method of financial transactions due to lack of trust in formal banking systems. 1
2 banks Afghanistan Traditional banking system may not be widely used, and informal financial networks or cash-based transactions are more common. 1
3 banks Afghanistan Due to political instability and lack of trust, many people in these regions rely on informal money transfer systems and avoid using traditional banks. 1