• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
We Will Respect Women’s Rights, Press Freedom - Taliban

Taliban Bans Use Of Foreign Currency In Afghanistan

4 years ago
JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

4 hours ago
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

4 hours ago
Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

4 hours ago
Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

5 hours ago
Ukrainian Forces Capture Nigerian Fighting For Russia

Ukrainian Forces Capture Nigerian Fighting For Russia

11 hours ago
Sunday, July 6, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Taliban Bans Use Of Foreign Currency In Afghanistan

November 3, 2021
in Economy, Top Stories
0
We Will Respect Women’s Rights, Press Freedom - Taliban
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani 

In a move that is certain to cause further disruption to the Afghanistan economy that is already on the brink of collapse, the Taliban has announced a complete ban on the use of foreign currency in the country, warning that anyone who violates the order will be prosecuted.

Relatedreading

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

The surprise move came hours after at least 25 people were killed and more than 50 wounded when gunmen attacked Afghanistan’s biggest military hospital after two heavy explosions at the site in central Kabul.

“The Islamic Emirate (Taliban) instructs all citizens, shopkeepers, traders, businessmen and the general public to … conduct all transactions in Afghanis and strictly refrain from using foreign currency,” said Taliban Spokesperson Zabiullah Mujahid in a statement.

“Anyone violating this order will face legal action,” the statement further read.

Since the terrorist group seized power in mid-August, the national currency ‘Afghani’ has depreciated and the country’s reserves are frozen abroad.

With the economy teetering banks are running short of cash and the international community has so far refused to recognise the Taliban administration as a government.

Many transactions inside the country are conducted in US dollars, and in areas close to southern border trade routes Pakistani rupees are used.

The Taliban government is pressing for the release of billions of dollars of central bank reserves as the drought-stricken nation faces a cash crunch, mass starvation and a new migration crisis.

Afghanistan parked billions of dollars in assets overseas with the US Federal Reserve and other central banks in Europe, but that money has been frozen since the Islamist Taliban ousted the Western-backed government in August.

The departure of US-led forces and many international donors left the country without grants that financed three quarters of public spending.

The Finance Ministry said it had a daily tax take of roughly 400 million Afghanis ($4.4 million).

Although Western powers want to avert a humanitarian disaster in Afghanistan, they have refused to officially recognise the Taliban government.

Tags: AfghanistanTalibanZabiullah Mujahid
ShareTweetSend
Previous Post

COP26: Biden Lashes Out At Russia And China For Missing Climate Summit

Next Post

Nigeria Needs $1.5 Trillion To Bridge Infrastructure Gap In 10 Years – President Buhari

Related Posts

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Ukrainian Forces Capture Nigerian Fighting For Russia

Club World Cup: Chelsea, Fluminense Battle For Final Ticket

Next Post
Nigeria Needs $1.5 Trillion To Bridge Infrastructure Gap In 10 Years – President Buhari

Nigeria Needs $1.5 Trillion To Bridge Infrastructure Gap In 10 Years - President Buhari

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025
Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

July 5, 2025
Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

July 5, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

July 5, 2025

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

July 5, 2025

Ukrainian Forces Capture Nigerian Fighting For Russia

July 5, 2025

Club World Cup: Chelsea, Fluminense Battle For Final Ticket

July 5, 2025

Even If Devil Is Angry, I’ll Construct Huge Church At Presidential Palace — Ruto

July 4, 2025

Partey: Ex-Arsenal Star Charged With ‘Rape’

July 4, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In