Access to reserves could be complicated, given that the Taliban is a terrorist group sanctioned by the United States.

The governor of the Central Bank of Afghanistan said on Wednesday that the country has about nine billion dollars (7.6 billion euros) in foreign reserves and not in cash in Afghan territory. Ajmal Ahmady said on Twitter that most of that amount — about $7 billion (€5.9 billion) — is US Federal Reserve bonds, assets, and gold.

The official said that the possession of cash in Afghanistan “is close to zero” as the country did not receive a planned delivery last week due to the ongoing Taliban offensive. “The next shipment never arrived,” he wrote. “It looks like our partners had good information about what was going to happen,” he says.

Ahmady notes that the lack of dollars will likely lead to a depreciation of the national (Afghan) currency and an increase in inflation, hurting the poorest in the country. Access to reserves could be complicated, considering that the Taliban is a terrorist group sanctioned by the United States, reports the US agency Associated Press.

The “Taliban won militarily — but now they have to rule,” says Ahmady, adding: “It’s not easy.” The German government on Tuesday announced the suspension of its development assistance to Afghanistan, controlled since Sunday by the Taliban extremist group.

“The government’s development cooperation is currently suspended,” German Development Minister Gerd Müller said during an interview with regional newspaper Rheinische Post. Germany, one of Afghanistan’s main donors, had already said last Thursday that it would not provide “one more cent” of development aid if the Taliban took control of the country.

The Taliban entered Afghanistan’s capital, Kabul, on Sunday, culminating an offensive that began in May, when the withdrawal of US and NATO military forces began. The seizure of the capital puts an end to a 20-year foreign military presence in Afghanistan and represented a return to power of the extremist movement, which is held between 1996 and 2001 and from which it was driven out precisely by the United States.

Source: with Agencies

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