- The report said that after the Taliban seized power, the United States had frozen nearly $9.5 billion in Afghan reserves.
- This puts the insurgent groups facing cash shortages and currency pressures.
- The country’s acting central bank governor emphasized the difficulties of governance on Wednesday.
- For more stories, please visit Business Insider.
According to reports, the United States has frozen most of the approximately US$9.5 billion reserves held by the Central Bank of Afghanistan.
Governor of the Acting Central Bank of Afghanistan Say It was said on Wednesday that the move would cause trouble for the Taliban, make them financially tight, and may see substantial inflation.
President Biden’s government froze the reserves of the Central Bank of Afghanistan in the United States on Sunday. Washington post Reported on Tuesday. Bloomberg According to the report, the United States has frozen nearly $9.5 billion in assets.
“Any central bank assets owned by the Afghan government in the United States will not be provided to the Taliban,” a government official who asked not to be named told the Post. Insider has contacted the Ministry of Finance for comments.
Bloomberg data shows that the Afghani currency, the Afghani, traded at a historic low of approximately 86.1 per US dollar on Tuesday, after the currency was approximately US$80 two weeks ago.
The country’s acting central bank governor, Ajmal Ahmady, fled the capital Kabul when he fell into the hands of the Taliban. Tweet On Wednesday, the population may soon face strong inflation as a weak currency pushes up the cost of imports. “As food prices rise, this will hurt the poor,” he said.
Ahmadi also stated that the Taliban may have to implement capital controls—that is, restrict the amount of funds leaving the country—in an attempt to control the economy. “The Taliban have won the military – but they must now be in power. This is not easy,” he said.
Estimates of the number of frozen assets vary.A sort of Record According to the Bank of Afghanistan, based on the exchange rate of the day, it held approximately US$10 billion in reserves on June 21.
Ahmadi said on Wednesday that the Fed had about 9 billion U.S. dollars in reserves last week, of which about 7 billion U.S. dollars existed in the Fed system in the form of US government bonds, gold and other assets.
