Sanctioned Taliban Financier Holds Leadership Post at Afghan Central Bank
WSJ: Noor Ahmad Agha, a senior Taliban military and financial leader, serves as the No. 2 official of Afghanistan’s central bank. Click here to read more (external link).
Tag Archives: Da Afghanistan Bank
Central Bank Releases Millions of Dollars Into Market
Tolo News: The Central Bank said it has released millions of US dollars into the market to preserve the value of the Afghan currency against foreign currencies. However, analysts believe that selling dollars to the Afghan markets will help the Afghan currency to maintain its value for a temporary period of time and that the
Pakistan Supports Biden’s Decision on Afghanistan’s Assets
8am: Following Joe Biden’s executive order to cut Afghanistan’s foreign exchange reserves and release another part of the country’s funds, Pakistan’s representative to the United Nations Munir Akram said: “Half a loaf of bread is better than nothing.” Click here to read more (external link). Related US Decree on Afghan Assets Is Unjust, DAB Says
Central Bank says ATM to get operational in Afghanistan
Ariana: Da Afghanistan Bank (Central Bank of Afghanistan), said Thursday, said that Automated Teller Machine (ATM) services by commercial banks will be resumed in the country. Da Afghanistan Bank, so far, has not disclosed the amount of money people can withdraw from the ATMs. Click here to read more (external link).
UN Chief Calls on International Community to Rescue Afghan Central Bank
Michael Hughes AOPNEWS January 13, 2022 UN Secretary-General Antonio Guterres urged the international community to immediately inject liquidity into the Afghan economy and ensure the country’s central bank is preserved as millions face starvation and death. The global community, led by the United States, since the collapse of Kabul has made extensive efforts to bypass
Afghanistan’s Former Central Bank Chief on the Dire State of the Country’s Economy
Bloomberg: The Afghanistan economy was already in bad shape, with heavy reliance on foreign dollars, prior to the collapse of the government and the takeover by the Taliban. Since the fall, things have gotten even worse, with inflation accelerating and GDP plunging. There are multiple factors driving the leg lower, though the main one is
Afghanistan’s Central Bank Moves To Halt Slide In Afghan Currency
Radio Free Europe/Radio Liberty December 14, 2021 Afghanistan’s central bank on December 14 took steps to stop a steep drop in the country’s currency after it lost almost 12 percent of its value against the dollar in a matter of hours the day before. The central bank said it had held a number of meetings with foreign
Afghan Central Banker Tells Reuters Limited Access To Reserves Should Be Allowed
Radio Free Europe/Radio Liberty September 1, 2021 A senior board member of Afghanistan’s central bank has told Reuters that the U.S. Treasury and the International Monetary Fund should take steps to provide the Taliban-led government limited access to the country’s reserves as the country lurches toward a possible economic disaster. Shah Mehrabi, an economics professor
Afghanistan Faces Complex Web of Economic Crises
Rob Garver VOA News August 27, 2021 WASHINGTON – Steering Afghanistan’s economy would be a formidable task for anyone, which is why economists and other experts expressed dismay this week when the country’s Taliban leaders named Mohammad Idris, a relatively obscure figure from within the movement, to head Da Afghanistan Bank, the country’s central bank.
U.S. Freezes Afghan Central Bank Assets
Radio Free Europe/Radio Liberty August 18, 2021 The United States has frozen Afghan central bank reserves in U.S. accounts, depriving the Taliban of billions of dollars. “Any central bank assets the Afghan government have in the United States will not be made available to the Taliban,” a U.S. administration official said on August 17. The