New Delhi: Taliban may have released Afghanistan but a decent task now lies in front of them – managing a fragile and dependent economy and get access to the country’s money.
Even though they have dominated the country’s political scenario, they do not have access to billions of dollars they have in reserves.
The Afghan economy which they inherit this time is far more urban and its size is almost threefold because they last ruled about two decades ago.
However, the economic challenge remains.
Failure to get these funds can cause an outdated economy towards the crisis, thus adding to the misery of civilians.
What was the economic situation in 1996-2001Taliban ruled Afghanistan with iron fists from 1996-2001, upholding the legal version of Islam, before being overthrown by US-led troops.
Several years of civil war has truly destroyed the economy, the infrastructure was destroyed, cities were destroyed by bombings and central banks almost did not work for years.
The benefits accumulated by commanders and traders are mostly invested in illegal activities such as narcotics tracking and cross-border smuggling.
Revenues are mainly achieved through predation, bandits, road blocks, stripping assets and illegal trade regulations.
The Governor of the Taliban’s first central bank, Ehsanullah Ehsan, was a military chief who stated that the country’s currency (Afghani) was worthless and canceled the order of new records.
Read the JugasaFhanistan crisis: Lack of using dried fruit prices with the Taliban Sealing Border Trade routes Afghan stairs, resulting in termination of export-import transactions with India, the price of dried fruits has risen 15-20% in India.According to the World Bank, Afghanistan watched the wave of help International since 2002 which help maintain rapid economic growth and improve social indicators.
Between 2003-2012, the average annual growth was 9.4 percent, especially because the service-based sector and agricultural sector were strong.
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