ADVERTISEMENT
Afghanistan’s Central Bank Chief Explains Why Capital Controls Are Coming
Ajmal Ahmady, the acting head of the authority, described the Taliban's economic situation in a series of tweets Wednesday.
Save
U.S. dollar banknotes, top, Iranian rial banknotes, center, and Afghan afghani banknotes are displayed at a money changer's kiosk in Afghanistan. (Photographer: Victor J. Blue/Bloomberg)
ADVERTISEMENT
(Bloomberg) -- Afghanistan’s international reserves would be out of reach of the Taliban after the U.S. froze the country’s central bank assets, Ajmal Ahmady, the acting head of the authority who fled the country as Kabul fell, said in a series of tweets Wednesday. The Taliban are now facing a cash crunch and will have to implement capital controls, limiting access to the dollar, he added.
©2021 Bloomberg L.P.
ADVERTISEMENT
ADVERTISEMENT
