shot-button
Ganesh Chaturthi Ganesh Chaturthi
Home > News > World News > Article > Taliban bans use of foreign currency in Afghanistan

Taliban bans use of foreign currency in Afghanistan

Updated on: 03 November,2021 09:19 AM IST  |  Kabul
ANI |

According to a news 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

Taliban bans use of foreign currency in Afghanistan

Taliban fighters take part in an exercise in Lashkar Gah. Pic/AP/PTI

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.

Also Read: ‘Non-recognition of Taliban govt could be a problem for world’

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.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK