Taliban Have Access to 0.2 % of Afghan Central Bank Assets
Peshawar: The governor of the Central Bank of Afghanistan has anticipated an increase in inflation in Afghanistan and underlined that the Taliban will have access to only 0.1-0.2 percent of the country’s total assets, which are currently valued at more than $9 billion.
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A few weeks ago, according to the bank’s international reserves, the bank’s total assets exceeded $9 billion, but that does not indicate the bank has $9 billion in cash because, by international standards, the majority of assets are secured.
Recently, the International Monetary Fund (IMF) approved a $650 billion investment for the country, with the first installment of approximately $340 million to be disbursed in August. However, it is unclear whether it will be distributed now that the Taliban have seized control of the country.
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Prior to the Taliban takeover of Kabul, it was thought that a big shipment of US dollars would arrive, but this did not occur. As a result, citizens converted their money into US dollars, causing the Afghan currency to plunge to 86 per dollar.
The central bank governor added that after conquering the capital, the Taliban and their followers should have recognized that governing the country is not a simple task.
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