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With its central bank effectively leaderless and the Afghani dollar in a nosedive, geopolitical aspects of the Taliban takeover are being overshadowed by the collapse of Afghanistan’s financial system, and the toll of drastic money shortages on a nation of over 39m people.
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“Afghanistan’s banking system is in a state of collapse, and people throughout the country are running out of money. And this cash crisis — partly due to the international community’s efforts to starve the Taliban of resources — is having an outsized effect on everyday Afghan citizens, leaving many without access to important services as the UN warns of a growing humanitarian disaster,” reported the MIT Technology Review on Aug. 20.
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