BBC: Taliban bans foreign currencies in Afghanistan
The Taliban has banned the use of foreign currencies in Afghanistan, a move that could further disrupt an economy on the brink of collapse.
"The economic situation and national interests in the country require that all Afghans use Afghani currency in their every trade," the Taliban said.
The economy is struggling due to the withdrawal of international financial support after the Taliban took control. The US dollar has been used widely in Afghanistan's markets.
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Update #1: Taliban bans use of foreign currency in Afghanistan (ANI)
Update #2: Taliban Bans Foreign Currencies In Afghanistan Amid Financial Crisis; Hyperinflation Next? (Zero Hedge)
WNU Editor: The Afghani currency is worthless. This move by the Taliban to ban foreign currencies will only destroy what is left of the Afghan economy. Expect hyperinflation, shortages of all goods, and a return to a barter system.
Update #3: Here is another sign that Afghanistan is returning to the dark ages .... ‘If You Don’t Have Money, You Have Sisters’: Afghan Men Use Taliban Rule to Settle Scores (WSJ).
1 comment:
If they have a printing press and ink, and know how to use them....
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