Beautiful Virgin Islands

Saturday, Aug 01, 2026

Over $12 Million Seized From Ex-Officials As Cash Crunch Hits Afghanistan

Over $12 Million Seized From Ex-Officials As Cash Crunch Hits Afghanistan

A foreign exchange crunch in the aid-dependent country threatens the Taliban's rule one month after they seized power.

Afghanistan's central bank said Wednesday that the Taliban had seized more than $12 million in cash and gold from the homes of former government officials, as it called for all transactions to be made in local currency.

A foreign exchange crunch in the aid-dependent country threatens the Taliban's rule one month after they seized power.

Most government employees have yet to return to work -- and in many cases salaries had already not been paid for months -- leaving millions scrambling to make ends meet.

Even those with money in the bank are struggling, as branches limit withdrawals to the equivalent of $200 a week -- with customers having to queue for hours.

And while remittances have resumed from abroad, customers awaiting funds at international chains such as Western Union and MoneyGram complained Wednesday that branches they visited had run out of cash.

"All Afghans in the government and non-governmental organisations are asked to use afghani in their contracts and economic transactions," the central bank said in a statement Wednesday.

The bank later issued another statement saying Taliban fighters had handed over $12.3 million in cash and gold seized from the homes of officials from the former government -- a large part discovered at the home of former vice president Amrullah Saleh.

"The money recovered came from high-ranking officials... and a number of national security agencies who kept cash and gold in their homes," the statement said.

"It is, however, still not known for what purpose they were kept."

Thanking donors


Abdul Rahim, a demobbed soldier in the former Afghan army, travelled nearly 1,000 kilometres (600 miles) from Faryab to the capital to try and collect his backpay.

"The branches of the banks are closed in the provinces," he told AFP Wednesday, "and in Kabul thousands of people queue to get their money out.

"I have been going to the bank for the past three days but in vain. Today I arrived at around 10am and there were already about 2,000 people waiting."

The Taliban on Tuesday thanked the world after a donor conference in Geneva pledged $1.2 billion in aid for Afghanistan, but the country's needs are immediate.

Donor nations, however, want conditions attached to their contributions and are loath to support a regime with as bloody a reputation as the Taliban.

The hardline Islamists have promised a milder form of rule compared to their first stint in power from 1996 to 2001, but have moved swiftly to crush dissent -- including firing in the air to disperse recent protests by women calling for the right to work.

Still, UN chief Antonio Guterres said this week he believed aid could be used as leverage with the Islamist hardliners to exact improvements on human rights.

"It is very important to engage with the Taliban at the present moment," he said.

One month into their second rule, some Afghans are conceding there have been some improvements in their lives -- not least security in the capital, which for years was plagued by deadly suicide bomb attacks and targeted assassinations blamed largely on the Taliban.

"Currently the situation of the country is good, there is no war," said Mohammad Ashraf.

Job satisfaction


Laalagha, a street vendor, said he was no longer being shaken down by corrupt police officers -- although he had turned to selling fruit as no-one could afford to buy flowers.

"I am really satisfied with my new job. In the past the situation was like this... a policeman would come and puncture the stall's tyre and he would beat you.

"But now no one is disturbing or creating problems."

But at least half the population face the possibility of not having employment as the Taliban grapple with how to deal with women in the workforce.

"The Taliban have told us to stay home," said one women who worked in the telecoms ministry of the old regime.

"There is security, but if there is no food soon the situation will change."

The Taliban named an interim government last week and acting ministers have been holding press conferences spelling out policies that range from how women should dress at university to what sports can be played.

But they have been light on details of how the country will be run and when they will get the civil service functioning again.

"I am just happy they didn't kill me yet," said Abdul Rahim, the ex-soldier who served with the old army's 209th corps until surrendering just days before Kabul fell on August 15.

"If they revive the army I will join as a soldier again, but if not, I will have to find another job."

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Zuckerberg Opposes US Ban on Chinese AI Models and Warns of Regulatory Capture
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Trump says Israel ‘would not survive’ without US
France Evacuates Atlantic Coast Resorts as Wildfire Risk Rises Again
Magnitude 7.1 Earthquake Strikes Kumamoto as Rescuers Search Collapsed Buildings
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
Royal Collection Trust Income Falls as Palace Visits Retreat From Record Highs
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Ministers Examine Social-Care Levy as Burnham Seeks Funding Settlement
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Badenoch Offers Tory Votes to Keep Serious Offenders in Prison
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
Another AI Genius Left the United States — and Silicon Valley Is Starting to Worry
Shein Reports $99mn Loss as Trade Barriers Test Low-Cost Model
CXMT Gains 466% in China’s Biggest IPO Since 2010
Amazon Seeks Approval for 5,105-Satellite Mobile Network
Burnham Puts School-to-Work Reform at Centre of Welfare Strategy
Burnham Rules Out Replacing Council Tax and Stamp Duty
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
Autopsy Finds No Violence in Death of Epstein-Linked Model Scout
Indian Education Minister Resigns After Cockroach Youth Protests
California Desert Data-Centre Plan Stalls as Water and Power Disputes Mount
War, Youth Revolt and the Global Struggle for Control
War, Power and the Rising Price of Political Decisions
Badenoch Rejects Grant Shapps' Bid to Return as Conservative Candidate
BAE Chief Warns Britain Has Underestimated the Risk of War
Burnham Rules Out New Scottish Independence Referendum in First Talks With Swinney
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Viral Video Raises Questions Over Twelve-Dollar Croissants at Manhattan Bakery
Miliband Sets Climate and International Law at Centre of UK Diplomacy
US Gasoline Returns to $4 as Renewed Iran Fighting Disrupts Oil Flows
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Orders 50% Tariffs on Selected Canadian Imports
×