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Afghanistan low on dollars with currency reserves stuck abroad

Reserves total $9 bn, mostly held at US Fed, says Ajmal Ahmady, who led the central bank until the capture of Kabul

A Taliban fighter looks on as he stands at the city of Ghazni, Afghanistan (Photo: Reuters)
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A Taliban fighter looks on as he stands at the city of Ghazni, Afghanistan (Photo: Reuters)

Reuters Singapore
 Afghanistan's currency reserves are mostly held in foreign accounts and are probably inaccessible to Taliban rulers, leaving the country desperately low on dollars, Ajmal Ahmady, who led the central bank until the capture of Kabul, said.
 
Da Afghanistan Bank (DAB) controlled about $9 billion, some $7 billion of which was held as a mixture of cash, gold, bonds and other investments at the U.S. Federal Reserve, Ahmady, the acting governor, who has now fled Afghanistan, said on Twitter.
 
Most of the rest is in other international accounts and at the Bank for International Settlements, a bank for central banks based

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