Taliban launch charm offensive with Afghan banks

The new, Taliban-appointed head of Afghanistan’s central bank has sought to reassure banks the group wants a fully-functioning financial system, but has so far provided little detail on how it will supply funds to sustain it, said four bankers familiar with the matter.

The acting central bank governor, Haji Mohammad Idris, met members of the Afghanistan Banks Association and other bankers this week, and told them that the Taliban viewed the banking sector as imperative, said two bankers who attended the meeting.

Uncertainty over the Taliban’s relationship with the international community is raising doubts over its ability to revive an economy shattered by 40 years of war and reliant on aid and foreign currency reserves, the latter largely out of reach in the United States.

The militant group which now controls the country was working to find solutions for liquidity and rising inflation, the bankers quoted Idris as saying. “They were very charming and asked banks what their concerns were,” said one of the bankers who requested anonymity.

Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe.  Click to follow Indtoday Facebook page and Twitter and on Instagram

Leave A Reply

Your email address will not be published.