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Taliban bans use of foreign currency in Afghanistan

by Marjorie

In a transfer that’s sure to trigger additional disruption to the Afghanistan financial system that’s already on the point of collapse, the Taliban has introduced an entire ban on using overseas foreign money within the nation and warned of motion for violating the order, reported Al-Jazeera.

“The Islamic Emirate (Taliban) instructs all residents, shopkeepers, merchants, businessmen and most of the people to … conduct all transactions in Afghanis and strictly chorus from utilizing overseas foreign money,” the information channel quoted the assertion by Taliban spokesperson Zabiullah Mujahid as saying.

“Anybody violating this order will face authorized motion,” the assertion additional learn.

In line with the channel, the US greenback is the widespread medium of alternate in Afghanistan`s markets. The bordering areas use the foreign money of neighbouring international locations like Pakistan for commerce functions, reported the information channel.

Additionally Learn: ‘Non-recognition of Taliban govt might be an issue for world’

Notably, Afghanistan`s entry to greater than USD 9.5 billion has been blocked by the US, the World Financial institution and the Worldwide Financial Fund (IMF) after the Taliban take-over in Kabul on August 15.

Thousands and thousands of Afghans have been internally displaced, and hundreds have left the nation giving rise to a rising humanitarian disaster.

The nation is in a dire financial state of affairs with no worldwide assist and connectivity, leading to a particularly troublesome state of affairs for atypical folks.

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