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HomePoliticsWorldTaliban prohibits use of foreign currency in Afghanistan

Taliban prohibits use of foreign currency in Afghanistan

Taliban spokesman Zabiullah Mujahid declared that from now on anyone using foreign currency for domestic business would be prosecuted

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In a move that is certain to cause further disruption to the Afghanistan economy that is already on the brink of collapse, the has announced a complete on the use of foreign currency in the country.

The new government has warned of action for violating the order, according to a report by Al Jazeera.

“The economic situation and national interests in the country require that all Afghans use Afghani currency in their every trade,” the said.

The economy is struggling due to the withdrawal of international financial support after the took control.

“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 spokesperson Zabiullah Mujahid as saying.

“Anyone violating this order will face legal action,” the statement further read.

The US has been the popular medium of monetary exchange in Afghanistan’s markets.

The bordering areas use the currency of neighbouring countries like Pakistan for trade purposes, reported the news channel.

Notably, Afghanistan`s access to more than $ 9.5 billion has been blocked by the US, the World Bank and the International Monetary Fund (IMF) after the take-over in Kabul on 15 August.

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.

Meanwhile, many transactions inside the country are conducted in US dollars, and in areas close to southern border trade routes Pakistani rupees are used.

But, in a press statement, spokesman Zabiullah Mujahid declared that from now on anyone using foreign currency for domestic business would be prosecuted.

“The economic situation and national interests in the country require that all Afghans use the Afghani currency in every transaction,” he said.

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