The Taliban appointed an official official as the Acting Governor of the Central Bank as signs of emerging from the financial crisis in Afghanistan, with ATM running out of cash and the price of spiral essential items.
Mohammad Idris, who led the Taliban Economic Commission, would “overcome the problem of rising banking and community problems” as Head of Bank Da Afghanistan, Taliban spokesman Zabihullah Mujahed said on Twitter.
Little is known about Idris, including the background of education and professional qualifications in dealing with monetary policy, currency and banking.
The Taliban Economic Commission has been operating in the shadows over the past 20 years, with the UN Security Council, the activities include collecting illegal taxes from businesses and farmers to fund the rebellion of militant groups.
The price of essential foods such as flour and oil has increased by 35% during the past week in Kabul, according to residents.
The streets in the capital are mostly empty because most of the banks, pharmacies and drug stores have been closed, in contrast to chaotic scenes at international airports as US and races of other countries to evacuate residents and Afghans.
Taliban are negotiating with banks to operate immediately, and group fighters patrolled throughout the city to ensure security, said Mujahed.
Ajmal Ahmady, the head of the Afghan Central Bank who was exiled, told many Bloomberg podcasts led by the Taliban Afghanistan facing a series of shocks that might lead to weaker currencies, faster inflation and capital control.
Harvard graduates fled from the country as Taliban militants advanced to Kabul on August 15, joining other officials including former President of Ashraf Ghani.
Banks die immediately after militants took control and ATM continued to run out of cash since then.
Afghani reached a record low last week.
“Even Western Union offices are closed in Kabul,” Mustafa Haqbeen, a resident of Kabul and a British coach at the Center for Personal Tutoring, who was closed for now.
“Food prices have never been higher.
We are weak.” Mohammad Rafi Tabe, spokesman for the Ministry of Finance, said Monday that the bank would open in a few days.
Although the Minister of Finance has left Afghanistan before the fall of Kabul, the Ministry returns to work and all his staff will remain in the same position as they before the Taliban take over, Add Tabe.
The name of the Taliban which is not clearly official as the head of the central bank with a towering crisis
