Sunday, June 21, 2026

Afghan central bank governor flees, currency plummets during Taliban takeover


On August 16, 2021, thousands of Afghans rushed to Hamid Karzai International Airport as they tried to flee the Afghan capital Kabul.

Haroon Sabawoon / Anadolu Agency

With Taliban militants taking control of the capital and the acting governor of the Central Bank of Afghanistan left the country, political turmoil intensified and pushed the country’s currency to historical lows.

According to data compiled by Bloomberg, the Afghani exchange rate fell 1.7% on Tuesday to 83.5013 per dollar, a fourth consecutive day of decline. Acting Governor Ajmal Ahmady wrote in a Twitter post that the central bank was told that it would no longer export U.S. dollars on Friday, which weakened its money supply capacity and caused more panic.

Ahmadi boarded a military plane at the airport. Thousands of people tried to leave the airport due to the downfall of the Taliban’s rapid territorial expansion. Ahmadi wrote that there was no evacuation plan, and President Ashraf Ghani left without establishing a transitional government, causing chaos.

The central bank governor wrote: “The currency soared from a stable $81 to nearly $100, and then returned to $86.” “I held a meeting on Saturday to reassure banks and money changers and calm them down.”

On Sunday, the governor left the central bank and went to the airport, where he met other government leaders. He wrote that despite the lack of fuel or pilots, his flight was packed with more than 300 passengers.

“It doesn’t have to end this way. I am disgusted by the lack of any plans by the Afghan leadership,” he wrote.

We live in a world where facts and fiction are blurred

In uncertain times, you need news that you can trust.Just for R75 per month, You can access a world of in-depth analysis, investigative news, popular opinions, and a range of features. Journalism strengthens democracy. Invest in the future today.





Source link

Related articles

spot_imgspot_img