The Afghan central bank was drained of the majority of its U.S. dollar cash reserves in the weeks before the Taliban takeover of Kabul, according to an assessment prepared for the country’s international donors. Afghanistan’s severe cash shortage began before the Taliban terrorist group seized control of Kabul, according to a confidential, two-page brief, obtained by Reuters. The document was written earlier this month by senior international economic officials for institutions including the World Bank and International Monetary Fund (IMF). The brief criticized how the central bank’s former leadership handled the crisis in the months leading up to the Taliban takeover. This included decisions to auction unusually large amounts of U.S. dollars and move money from Kabul to provincial branches, increasing the sum kept in these branches from $12.9 million in 2019 to around $202 million by the end of last year. Some of that money ended up getting stolen, …
Afghan Central Bank Drained Dollar Stockpile Before Taliban Takeover: Report
September 30, 2021
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