Sunday, April 14, 2024

Afghanistan central bank drained dollars before Taliban takeover: World bank

Immigration News

Najibullah Lalzoy
Najibullah Lalzoy
Najibullah Lalzoy is a journalist and editor at Khaama Press. He has a BA degree in journalism.

An assessment prepared for Afghanistan’s international donors indicates that the central bank of Afghanistan-De Afghanistan bank- drained $1.5 billion before the Afghan capital collapse to the Taliban.

The two-page report is compiled by the World Bank and International Monetary Fund early this month.

As per the confidential report of International financial experts, the cash shortage of the central bank of Afghanistan had started before the Taliban took control of the country.

The report also criticized the way De Afghanistan bank handled the crisis of the bank months before the Taliban’s conquest, including the decision to auction unusually large amounts of US dollars and move money from Kabul to provincial branches.

The report comes as millions of people are confronted with a lack of cash at a time when prices of food ingredients and fuel have been increasing.

Thousands of people are being seen to be queuing at the gates of banks to withdraw money.

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