Kabul: Afghanistan's economy has been in free collapse since the Taliban took power, as the international community threw closed its doors, halting all aid and finances, as well as seizing the assets of Da Afghanistan Bank, the country's central bank.
Afghanistan's central bank is working hard to tackle the country's economic problems and increasing inflation, despite the country's currency losing over 12% of its value versus the US dollar in only a few hours.
A fast withdrawal of foreign forces from the country is one of the key causes of the problem. This, combined with the cessation of foreign help and the confiscation of any inflow of foreign funds, has pushed the country's economy to the brink of collapse, with basic commodity prices rapidly rising beyond the reach of the average citizen.
The country's central bank has said that it has held many meetings with foreign exchange dealers, commercial bank executives, and business leaders to help save the Afghan currency, which it has dubbed the "fall of the Afghan currency." The central bank said, "Based on its strategic planning principles, Da Afghanistan Bank has always strived to avoid the instability that could be damaging to the people's purchasing power."
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