Only the Afghan Afghani can be used in commerce.
Since the Taliban took executive control over Afghanistan, the country’s economy has been in dire straits. International businesses and interests have been withdrawing their support, not wishing to be associated with the terrorist group, with most of the money still coming in from outside being intended for humanitarian purposes.
Taliban bans the use of foreign currency across Afghanistan https://t.co/cjbEHufIU6 pic.twitter.com/UkZTJSyCbp
— Al Jazeera English (@AJEnglish) November 3, 2021
“We believe that it’s essential that we maintain our sanctions against the Taliban but at the same time find ways for legitimate humanitarian assistance to get to the Afghan people. That’s exactly what we’re doing,” Deputy United States Treasury Secretary Wally Adeyemo told the US Senate Banking Committee in October.
Today, a spokesperson for the Taliban announced that going forward, Afghanistan citizens are not permitted to use any foreign currencies in their commerce, with the only acceptable currency being the Afghan Afghani.
The Taliban government bans the use of foreign currency in Afghanistan in a surprise move that could further weigh on the struggling economy https://t.co/kHi48eRnHw
— Bloomberg (@business) November 3, 2021
“The Islamic Emirate instructs all citizens, shopkeepers, traders, businessmen and the general public to henceforth conduct all transactions in Afghanis and strictly refrain from using foreign currency,” Taliban spokesman Zabihullah Mujahid said in a statement.
“Anyone violating this order will face legal action,” he added.
The US Dollar is a common currency utilized in Afghanistan’s markets, as well as in trade with neighboring countries like Pakistan. Analysts expect that this new restriction will cause the country’s economic stability to further worsen.
Netflix Launches Mobile Gaming Service
-
A transformative partnership to boost biodiversity, resilience, and gender equality in the face of climate change. The Philippines, in...
-
Claims by the ‘Crimea Combat Seagulls’ of poisoning two dozen Russian soldiers raise questions, prompting scrutiny and calls for...
-
According to the latest annual report from the Tokyo metropolitan government, Tokyo finds itself at the bottom of Japan’s...
-
A revealing look at the tensions, beliefs, and family dynamics within the British royal family In his latest book,...
-
A single-engine aircraft en route from the Czech Republic to Croatia crashes in western Austria, prompting an investigation into...
-
Historic Bust: Massive Counterfeit Coin Operation Exposed, Unveiling Unprecedented Scale of Fake Toonies in Canada. In a groundbreaking development,...
-
Global leaders from BRICS urge restraint, humanitarian truce, and diplomatic solutions to quell the Israel-Hamas tensions. In a landmark...
-
Secretary of State Antony Blinken calls for de-escalation as fighting displaces millions and raises concerns for upcoming Congo elections....
-
The government is taking action to stop the spread of the bloodsucking pests. The South Korean government has launched...
-
Landmark ruling highlights ongoing tax challenges for short-term rental platforms in Italy In a significant development, an Italian judge...
-
Deportation Deadline Sparks Humanitarian Worries in Pakistan Pakistan’s government announced on Monday that almost 200,000 Afghan nationals have voluntarily...
-
Lessons Learned Shape Taiwan’s Preparedness in a Changing World Taiwan’s military has embarked on a comprehensive initiative to strengthen...