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Amid Of Economic Crisistaliban Announces A Complete Ban Use Of Foreign Currency – New Decree: Ban on foreign currency in Afghanistan, Afghan currency will have to be used for domestic transactions

World Desk, Amar Ujala, Kabul

Published by: Pranjul Srivastava
Updated Wed, 03 Nov 2021 10:06 AM IST

Summary

The Taliban government has given this decision at a time when banks are facing the problem of cash. This decision is expected to deepen the economic crisis even more.

The economic situation in Afghanistan has worsened since the Taliban regime. The banks here are facing cash crunch. The Afghan currency is depreciating rapidly. People have lost their jobs, they are suffering from hunger. In such a situation, the Taliban government has given another such decision, which has created a new crisis in front of the Afghans. In fact, the Taliban have ordered that Afghan citizens will use only and only Afghan currency for any transactions inside the country. After this order, another new economic crisis is likely to arise inside the country.

Why did the Taliban issue the order?
Transactions in many places inside Afghanistan are done through US dollars. At the same time, Pakistani currency i.e. Pak Rupee is used in the borders with Pakistan. The Taliban has passed this new order to ban the transaction of this foreign currency. Under this, Afghans will have to use Afghan currency only.

Those who do not obey the order will get punishment
The Taliban government has said that ordinary citizens, traders, small shopkeepers will use Afghan currency for domestic trade in the national interest. Failure to do so will result in action being taken against them and severe punishment will also be given.

Taliban government has not been recognized
The main reason for the serious economic crisis in Afghanistan is the lack of recognition of the Taliban government. In fact, foreign aid to Afghanistan has completely stopped since the Taliban regime in August. No country has yet legally recognized the Taliban, which is causing economic problems. This is the reason why Taliban is not able to use Afghan currency which is stored abroad.

Expansion

The economic situation in Afghanistan has worsened since the Taliban regime. The banks here are facing cash crunch. The Afghan currency is depreciating rapidly. People have lost their jobs, they are suffering from hunger. In such a situation, the Taliban government has given another such decision, which has created a new crisis in front of the Afghans. In fact, the Taliban have ordered that Afghan citizens will use only and only Afghan currency for any transactions inside the country. After this order, another new economic crisis is likely to arise inside the country.

Why did the Taliban issue the order?

Transactions in many places inside Afghanistan are done through US dollars. At the same time, Pakistani currency i.e. Pak Rupee is used in the borders with Pakistan. The Taliban has passed this new order to ban the transaction of this foreign currency. Under this, Afghans will have to use Afghan currency only.

Those who do not obey the order will get punishment

The Taliban government has said that in the national interest, ordinary citizens, traders, small shopkeepers will use Afghan currency only for domestic trade. Failure to do so will result in action being taken against them and severe punishment will also be given.

Taliban government has not been recognized

The main reason for the serious economic crisis in Afghanistan is the lack of recognition of the Taliban government. In fact, foreign aid to Afghanistan has completely stopped since the Taliban regime in August. No country has yet legally recognized the Taliban, which is causing economic problems. This is the reason why Taliban is not able to use Afghan currency which is stored abroad.

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