Afghanistan's Central Bank Had Most Of Its Cash Reserves Drained Before The Country Fell To The Taliban

Men are pictured as Afghanistan's Taliban-controlled central bank seizes a large amount of money in cash and gold from former top government officials, including former vice president Amrullah Saleh, in Afghanistan, in this handout obtained by Reuters on September 15, 2021. Da Afghanistan Bank/Handout via REUTERS

Reuters: Exclusive-Afghan central bank drained dollar stockpile before Kabul fell - document

FRANKFURT/MUMBAI (Reuters) - The Afghan central bank ran down most of its U.S. dollar cash reserves in the weeks before the Taliban took control of the country, according to an assessment prepared for Afghanistan's international donors, exacerbating the current economic crisis.

The confidential, two-page brief, written early this month by senior international economic officials for institutions including the World Bank and International Monetary Fund, said the country's severe cash shortage began before the Taliban took control of Kabul.

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Update: Afghanistan's central bank drained most of its cash reserves before the country fell to the Taliban (Business Insider)

WNU Editor: Aside from the $9.5 billion that is still frozen by the U.S., that few hundred million that resided at the Afghan Central Bank is definitely gone. That is what happens in a country where the culture of corruption is unfortunately very pervasive.

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