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For a country the size of Afghanistan, 9B seems an awfully small treasury. And only a fraction seems available on the ground in a largely cash economy? Is this even governable?
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This thread is to clarify the location of DAB (Central Bank of Afghanistan) international reserves I am writing this because I have been told Taliban are asking DAB staff about location of assets If this is true - it is clear they urgently need to add an economist on their team
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At one point in 1991, India had less than $1 billion in reserves and had to pledge its gold to IMF. That ultimately forced the Government to ditch socialism and liberalize the economy. Maybe something like this can happen here. This could force Taliban to behave better.
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Yeah I lived through that. But that was largely a technical crisis on top of a functional large economy. This… is basically the whole game since Afghanistan has no internal economy to speak of.
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Nigeria, a country with two hundred million people, likely only has 30 - 35 billion in reserves. For most countries not tied to the federal reserve’s inner circle, this is a world of want not abundance.
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That’s the trillion dollar question several successive empires have tried and failed to answer every 40 years or so.