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Taliban bans foreign currencies from being used in Afghanistan

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Taliban bans the use of foreign currencies in Afghanistan

The Taliban has revealed it is banning the use of foreign currencies in Afghanistan

The move to ban the use of foreign currencies such as the US dollar could further disrupt the Afghan economy which is already on the brink of collapse.

Afghanistan’s economy is struggling due to the withdrawal of international financial support after the Taliban took control.

“The economic situation and national interests in the country require that all Afghans use Afghani currency in their every trade,”

the Taliban said.
Taliban
Taliban Militant Group took control of Afghanistan in August. Image: File

The US dollar has been used widely in Afghanistan’s markets

Currencies are also often used for trade in areas bordering Afghanistan’s neighbours such as Pakistan.

“The Islamic Emirate instructs all citizens, shopkeepers, traders, businessmen and the general public to henceforth conduct all transactions in Afghanis and strictly refrain from using foreign currency,” Taliban spokesman Zabihullah Mujahid said in a statement posted on Twitter.

Taliban bans the use of international currencies / Image: File

“Anyone violating this order will face legal action,” the statement said

Following the takeover of Afghanistan by Taliban in August, billions of dollars of the country’s overseas assets were frozen by the US Federal Reserve and central banks in Europe.

“We believe that it’s essential that we maintain our sanctions against the Taliban but at the same time find ways for legitimate humanitarian assistance to get to the Afghan people. That’s exactly what we’re doing,”

Deputy United States Treasury Secretary Wally Adeyemo told the US Senate Banking Committee last month.

The militant group, which is now governing Afghanistan has called for the release of country’s assets that are being held overseas as the nation faces a severe cash crunch.

Afghanistan has also been hit by the exodus of foreign aid. Grants from overseas previously financed three quarters of its public spending.

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Amazon Prime’s ‘The Boys’ Season 4 will explore contemporary political polarisation

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Show creator Eric Kripke hints at a narrative that will not shy away from uncomfortable truths, promising a season that challenges viewers to confront their own beliefs and biases.

Known for its bold satire and unflinching critique of societal issues, the series seems poised to dissect the current climate of division with its trademark blend of dark humour and gritty realism, as reported by Reuters.

Director/Filmmaker Rob Fantozzi unpacks the latest from The Boys and beyond in the entrainment world. #featured

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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The secret aspect of exercise and trauma release

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Recent studies have shed new light on the profound impact sedentary behavior is having on mental health.

A meta-analysis revealed a strong correlation between increased sitting time and higher rates of depression.

Now, many experts believe that movement and exercise are not only beneficial for mental health but also play a crucial role in trauma release.

Jenni Crumpton Ross, the President and CEO of Kula for Karma joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #mentalhealth #business #wellbeing

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