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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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I lived through it too, that was the turning point for India’s economy. Without a shock like that I don’t think India would have liberalized. True that the last 20 years Afghan economy was propped up by US. Now even if this $9B is released they are going to face harsh reality.