Taliban Bans Use Of Dollars In Afghanistan

Date: Nov 04, 2021, 13:19

The Taliban say the use of foreign currency by citizens, shopkeepers and businessmen is banned anymore in the country.

In a statement issued yesterday evening (Tuesday, Scorpio 11) by Zabihullah Mujahid, Deputy Minister of Information and Culture, the Taliban movement said that the use of foreign currency in day-to-day transactions was strictly prohibited.

"The economic situation and national interests of the country require that all Afghans use Afghan currency in trade," the statement said. "The use of foreign currency has negative effects on the country's economy, and it harms all our compatriots."

The decision comes as Afghanistan faces economic hardship and its foreign exchange reserves are frozen in foreign banks.

 



Reduced Electricity To Industrial Parks Raises Concerns

August 18, 2020 - 13:13

The association’s director states there is less electricity, and production rates have decreased. The Afghanistan Industries ...

Iran To Export $3 Billion In Non-oil Goods To Afghanistan This Fiscal

August 20, 2020 - 14:33

The Chairman of Iran-Afghanistan Chamber of Commerce, Hossein Salimi, said Tuesday his country is expecting this year’s non-oil expor...

AICC Accuses Govt Of Ignoring Trade, Investment Problems

August 25, 2020 - 12:00

AICC officials see the increased security incidents as a challenge to the country’s private sector.   On Monday, th...