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New decree: Ban on foreign currency in Afghanistan, only Afghan currency will have to be used for domestic transactions

World Desk, Amar Ujala, Kabul

Printed by: Pranjul Srivastava
Up to date Wed, 03 Nov 2021 10:06 AM IST

Abstract

The Taliban authorities has given this determination at a time when banks are dealing with the issue of money. This determination is anticipated to deepen the financial disaster much more.

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The financial state of affairs in Afghanistan has worsened for the reason that Taliban regime. The banks listed below are dealing with money crunch. The Afghan foreign money is depreciating quickly. Individuals have misplaced their jobs, they’re affected by starvation. In such a state of affairs, the Taliban authorities has given one other such determination, which has created a brand new disaster in entrance of the Afghans. In reality, the Taliban have ordered that Afghan residents will use solely and solely Afghan foreign money for any transactions contained in the nation. After this order, one other new financial disaster is prone to come up contained in the nation.

Why did the Taliban challenge the order
Transactions in lots of locations inside Afghanistan are carried out by US {dollars}. On the identical time, Pakistani foreign money i.e. Pak Rupee is used within the borders with Pakistan. The Taliban has handed this new order to ban the transaction of this international foreign money. Underneath this, Afghans must use Afghan foreign money solely.

Those that don’t obey the order will get punishment
The Taliban authorities has stated that within the nationwide curiosity, abnormal residents, merchants, small shopkeepers will use Afghan foreign money just for home commerce. Failure to take action will lead to motion being taken in opposition to them and extreme punishment may also be given.

Taliban authorities has not been acknowledged
The principle motive for the intense financial disaster in Afghanistan is the shortage of recognition of the Taliban authorities. In reality, international help to Afghanistan has fully stopped for the reason that Taliban regime in August. No nation has but legally acknowledged the Taliban, which is inflicting financial issues. That is the explanation why Taliban isn’t ready to make use of Afghan foreign money which is saved overseas.

Growth

The financial state of affairs in Afghanistan has worsened for the reason that Taliban regime. The banks listed below are dealing with money crunch. The Afghan foreign money is depreciating quickly. Individuals have misplaced their jobs, they’re affected by starvation. In such a state of affairs, the Taliban authorities has given one other such determination, which has created a brand new disaster in entrance of the Afghans. In reality, the Taliban have ordered that Afghan residents will use solely and solely Afghan foreign money for any transactions contained in the nation. After this order, one other new financial disaster is prone to come up contained in the nation.

Why did the Taliban challenge the order

Transactions in lots of locations inside Afghanistan are carried out by US {dollars}. On the identical time, Pakistani foreign money i.e. Pak Rupee is used within the borders with Pakistan. The Taliban has handed this new order to ban the transaction of this international foreign money. Underneath this, Afghans must use Afghan foreign money solely.

Those that don’t obey the order will get punishment

The Taliban authorities has stated that within the nationwide curiosity, abnormal residents, merchants, small shopkeepers will use Afghan foreign money just for home commerce. Failure to take action will lead to motion being taken in opposition to them and extreme punishment may also be given.

Taliban authorities has not been acknowledged

The principle motive for the intense financial disaster in Afghanistan is the shortage of recognition of the Taliban authorities. In reality, for the reason that Taliban regime since August, international help to Afghanistan has fully stopped. No nation has but legally acknowledged the Taliban, which is inflicting financial issues. That is the explanation why Taliban isn’t ready to make use of Afghan foreign money which is saved overseas.

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