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Afghan currency dives on Taliban takeover

August 18, 2021 / 8:32 PM
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Sharjah 24 – AFP: Afghanistan's currency has slid after the Taliban swept back into power and prompted its central bank governor to flee.
The unit sank to 86 Afghani per US dollar in Tuesday afternoon deals, according to Bloomberg data.

That marked a six percent decline from last Friday, when it had stood at 80 Afghani per dollar.

Afghanistan's central bank governor Ajmal Ahmady revealed Monday that it stopped receiving dollar deliveries on Friday.

Until that point, the Afghani currency had been relatively stable despite the Taliban's lightning advance.

"Currency spiked from a stable 81 to almost 100 then back to 86," Ahmady tweeted in reference to recent volatile price action.

Ahmady also revealed Monday that he had left Kabul airport on Sunday night on a military plane, following news of the departure of President Ashraf Ghani.

August 18, 2021 / 8:32 PM

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