Taliban Bans Use Of Foreign Currency In Afghanistan

The Taliban announced that anyone using foreign currency for domestic business would be prosecuted, despite Afghanistan's shortage of cash and the national currency's depreciation since the Taliban takeover.

Afghanistan's Taliban announced a ban on the use of foreign currencies on Tuesday, threatening further disruption to an already ailing economy.

Since the terrorist group seized power in mid-August, the national currency the Afghani has depreciated and the country's reserves are frozen abroad.

With the economy teetering banks are running short of cash and the international community has so far refused to recognise the Taliban administration as a government.

Meanwhile, many transactions inside the country are conducted in US dollars, and in areas close to southern border trade routes Pakistani rupees are used.