City
Epaper

Taliban bans use of foreign currency in Afghanistan

By ANI | Updated: November 3, 2021 09:00 IST

In a move that is certain to cause further disruption to the Afghanistan economy that is already on the brink of collapse, the Taliban has announced a complete ban on the use of foreign currency in the country and warned of action for violating the order, reported Al-Jazeera.

Open in App

In a move that is certain to cause further disruption to the Afghanistan economy that is already on the brink of collapse, the Taliban has announced a complete ban on the use of foreign currency in the country and warned of action for violating the order, reported Al-Jazeera.

"The Islamic Emirate (Taliban) instructs all citizens, shopkeepers, traders, businessmen and the general public to ... conduct all transactions in Afghanis and strictly refrain from using foreign currency," the news channel quoted the statement by Taliban spokesperson Zabiullah Mujahid as saying.

"Anyone violating this order will face legal action," the statement further read.

According to the channel, the US dollar is the widespread medium of exchange in Afghanistan's markets. The bordering areas use the currency of neighbouring countries like Pakistan for trade purposes, reported the news channel.

Notably, Afghanistan's access to more than USD 9.5 billion has been blocked by the US, the World Bank and the International Monetary Fund (IMF) after the Taliban take-over in Kabul on August 15.

Millions of Afghans have been internally displaced, and thousands have left the country giving rise to a growing humanitarian crisis.

The country is in a dire economic situation with no international support and connectivity, resulting in an extremely difficult situation for ordinary people.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: al-jazeeraAfghanistanKabulTalibanZabiullah MujahidAfgTalibansTaliban movementAfghanistan talibanProminent taliban
Open in App

Related Stories

Other SportsTaliban Bans Chess in Afghanistan, Calling It a Form of Gambling Under Sharia Law

International"I Wish To See His End": Former LeT Member Exposes Hafiz Saeed’s Deadly Agenda

InternationalEarthquake in Afghanistan: Quake of Magnitude 5.9 Strikes Hindu Kush Region; Tremors Felt in Delhi-NCR

InternationalEarthquake of Magnitude 4.7 on Richter Scale Hits Afghanistan

Fact Check: Old Video of Afghan Fans Celebrating Wrongly Linked to India’s ICC CT 2025 Victory

International Realted Stories

InternationalTrump driven by certain kind of personal antagonism: Former diplomat on additional 25% US tariff on India

InternationalGTRI calls US's additional tariff on India "hypocritical", overlooking Russia's trade with EU, China

International"Radically improve ease of doing business, unleash power of tourism as forex engine": Anand Mahindra's 2 strong steps to counter US tariffs

InternationalHuman Rights Watch urges UN action as global inaction fuels Taliban rights abuses in Afghanistan

InternationalBangladesh Chief Adviser Office writes to the Election Commission for organising national polls