Afghan Central Bank Drained Dollar Stockpile Before Taliban Takeover: Report

Afghan Central Bank Drained Dollar Stockpile Before Taliban Takeover: Report
An Afghan money exchange dealer carries bundles of banknotes at an exchange market, following banks and markets reopening after the Taliban took over in Kabul, Afghanistan, on Sept. 4, 2021. Stringer/Reuters
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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).
Isabel van Brugen
Isabel van Brugen
Reporter
Isabel van Brugen is an award-winning journalist. She holds a master's in newspaper journalism from City, University of London.
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