The Taliban suddenly asked for help from former Afghan government officials 0
(Dan Tri) – The economy quickly approached the brink of collapse, forcing the Taliban to seek out former officials of the old Afghan government to ask them to return to help prevent this scenario from happening.
The prospect of poverty and economic recession is `surrounding` Afghanistan under the leadership of the Taliban (Photo: AP).
When the Taliban came to power on August 15, they quickly realized the challenge that was besetting Afghanistan: The economy was at risk of severe recession and the people could face poverty and humanitarian disaster.
In the 20 years since the Taliban last took power, Afghanistan’s economy has transformed from simple models into a complex structure driven by international trade and foreign aid.
AP quoted a source as saying that the Taliban has mobilized a series of officials from the Ministry of Finance, Central Bank, and some state-owned banks of the former Afghan government to return to work.
`They told us they are not experts and we know what is better for the country and how Afghanistan can overcome these challenges,` said a former bank official who spoke on condition of anonymity.
Quietly, the above officials gave recommendations to the Taliban leadership on how to operate a financial system in crisis.
The Taliban’s rise to power in mid-August caused most international donor funds to stop pumping money because the Taliban had not been recognized.
As the drought rages, the United Nations warns of a grim outlook that 95% of Afghanistan’s population will suffer from food shortages and 97% of the population faces the risk of living below the poverty line.
The US freeze of Afghanistan’s billions of dollars in reserves affects the liquidity of both the central bank and commercial banks and limits the ability of these institutions to conduct international transactions.
At the Ministry of Finance and the Central Bank set up by the Taliban, meetings take place almost daily around the procurement of basic items such as flour to avoid famine, focusing on tax collection as well as finding sources of revenue.
An official explained that the Taliban do not understand international currency rules, because they are inherently a guerrilla group.
