Afghanistan Low on Physical Cash After Taliban Takeover as Reserves Held Outside Nation

[Yo_Mama_Been_Loggin]

Afghanistan is low on physical U.S. dollars after the Taliban takeover because most of the nation's $9 billion in reserves are held outside the country, the Associated Press reported Wednesday.

"The amount of such cash remaining is close to zero due a stoppage of shipments as the security situation deteriorated, especially during the last few days," Ajmal Ahmady, Economic Advisor to the Afghanistan president, tweeted.

The next shipment of cash was not delivered, likely because Afghanistan's partners "had good intelligence as to what was going to happen," according to Ahmady.

He said the lack of physical cash could lead to the depreciation of the afghani, Afghanistan's currency. Many Afghans lined up at ATMs to pull out their life's savings

https://www.msn.com/en-us/news/world/afghanistan-low-on-physical-cash-after-taliban-takeover-as-reserves-held-outside-nation/ar-AANswCp

[abqtommy]

1. UPDATE: I read elsewhere that the U.S. has frozen the Afghan cash in this country.

Last edited Wed Aug 18, 2021, 10:52 PM - Edit history (2)

Update: U.S. won't let Taliban access Afghanistan's financial assets held in America

Source: CNBC

The Taliban will be hard-pressed to tap Afghanistan’s financial assets and manage their new economy after the U.S. froze the country’s reserves and halted shipments of dollars to the country.

https://www.cnbc.com/2021/08/18/us-wont-let-taliban-access-afghanistans-financial-assets-held-in-america.html

https://www.democraticunderground.com/10142787310

[underpants]

2. They sucked at governing before. Let's see how this turns out.

[JohnSJ]

3. Could that be a negotiating option to facilitate the evacuations of all eligible personal from

all the cities in Afghanistan?

[Texaswitchy]

4. Stick it to them.

Keep that cash really frozen.

[brush]

5. This is a good bargaining point with the Taliban. We should use it to get our people...

and Afghan allies out. And ya just know the cowardly Afghan president took as much cash as he could get his hands on when he fled. The certainly didn't help.

[roamer65]

6. Let them use Pakistani rupees and Chinese RMB.

[Budi]

7. Germany, Sweden & Finland as well as US.

https://www.democraticunderground.com/1016299561

Froze funds until a determination of how to best assist the Afghan people in a more humanitarian order.

[UTUSN]

8. K&R for, surely MBS or whoever won't leave them in the lurch!1