Taliban name acting head of central bank as economic turmoil grows
The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday.
Haji Mohammad Idris was named as acting governor of the bank to help bring order to a war-crippled economy, which has been adrift for more than a week with banks closed and many government offices empty.
He was expected to help organise institutions and address the economic issues facing the population, a statement from Taliban spokesman Zabihullah Mujahid said.
Afghanistan’s lenders would likely require central bank support to manage afghani and U.S. dollar liquidity once they reopen, said a senior Afghan banker, who asked to remain anonymous.
“If this uncertainty remains, then customers will withdraw more funds and banks would need bigger support from (the central…