Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Afghani Currency Drops as Central Bank Governor Flee


Tue 17 Aug 2021 | 10:44 PM
Taarek Refaat

The Afghani currency tumbled on Tuesday after the Taliban returned to power and prompted the central bank governor Ajmal Ahmady to flee.

The unit fell to 86 Afghanis against the US dollar in Tuesday afternoon trades, according to Bloomberg, down 6% from last Friday, when it was at 80 Afghanis to the dollar.

Central Bank of Afghanistan Governor Ajmal Ahmady revealed, on Monday, that he stopped receiving shipments of dollars on Friday.

"The currency went from 81 to nearly 100 and then back to 86," Ahmady wrote on Twitter.

Taliban fighters took control of the capital on Sunday in an astonishingly quick end to the 20-year war in Afghanistan.

Ahmady also revealed, on Monday, that he left Kabul Airport on Sunday night on a military plane, following the news of the departure of President Ashraf Ghani.