Afghanistan’s Currency Collapse: Billions Frozen By U.S. And IMF

As the Taliban seizes control of Afghanistan, the macroeconomic outlook for the country is rapidly worsening. On Tuesday, the USD/AFN exchange rate increased rapidly from 80 to 86, after briefly touching 100. However, the outlook for Afghanistan’s Afghani (AFN) is much worse than even those numbers show. Frozen Reserves The Central Bank of Afghanistan (or … Continue reading Afghanistan’s Currency Collapse: Billions Frozen By U.S. And IMF