London Daily

Focus on the big picture.
Wednesday, Jun 17, 2026

Over $12 Million Seized From Ex-Officials As Cash Crunch Hits Afghanistan

Over $12 Million Seized From Ex-Officials As Cash Crunch Hits Afghanistan

A foreign exchange crunch in the aid-dependent country threatens the Taliban's rule one month after they seized power.

Afghanistan's central bank said Wednesday that the Taliban had seized more than $12 million in cash and gold from the homes of former government officials, as it called for all transactions to be made in local currency.

A foreign exchange crunch in the aid-dependent country threatens the Taliban's rule one month after they seized power.

Most government employees have yet to return to work -- and in many cases salaries had already not been paid for months -- leaving millions scrambling to make ends meet.

Even those with money in the bank are struggling, as branches limit withdrawals to the equivalent of $200 a week -- with customers having to queue for hours.

And while remittances have resumed from abroad, customers awaiting funds at international chains such as Western Union and MoneyGram complained Wednesday that branches they visited had run out of cash.

"All Afghans in the government and non-governmental organisations are asked to use afghani in their contracts and economic transactions," the central bank said in a statement Wednesday.

The bank later issued another statement saying Taliban fighters had handed over $12.3 million in cash and gold seized from the homes of officials from the former government -- a large part discovered at the home of former vice president Amrullah Saleh.

"The money recovered came from high-ranking officials... and a number of national security agencies who kept cash and gold in their homes," the statement said.

"It is, however, still not known for what purpose they were kept."

Thanking donors


Abdul Rahim, a demobbed soldier in the former Afghan army, travelled nearly 1,000 kilometres (600 miles) from Faryab to the capital to try and collect his backpay.

"The branches of the banks are closed in the provinces," he told AFP Wednesday, "and in Kabul thousands of people queue to get their money out.

"I have been going to the bank for the past three days but in vain. Today I arrived at around 10am and there were already about 2,000 people waiting."

The Taliban on Tuesday thanked the world after a donor conference in Geneva pledged $1.2 billion in aid for Afghanistan, but the country's needs are immediate.

Donor nations, however, want conditions attached to their contributions and are loath to support a regime with as bloody a reputation as the Taliban.

The hardline Islamists have promised a milder form of rule compared to their first stint in power from 1996 to 2001, but have moved swiftly to crush dissent -- including firing in the air to disperse recent protests by women calling for the right to work.

Still, UN chief Antonio Guterres said this week he believed aid could be used as leverage with the Islamist hardliners to exact improvements on human rights.

"It is very important to engage with the Taliban at the present moment," he said.

One month into their second rule, some Afghans are conceding there have been some improvements in their lives -- not least security in the capital, which for years was plagued by deadly suicide bomb attacks and targeted assassinations blamed largely on the Taliban.

"Currently the situation of the country is good, there is no war," said Mohammad Ashraf.

Job satisfaction


Laalagha, a street vendor, said he was no longer being shaken down by corrupt police officers -- although he had turned to selling fruit as no-one could afford to buy flowers.

"I am really satisfied with my new job. In the past the situation was like this... a policeman would come and puncture the stall's tyre and he would beat you.

"But now no one is disturbing or creating problems."

But at least half the population face the possibility of not having employment as the Taliban grapple with how to deal with women in the workforce.

"The Taliban have told us to stay home," said one women who worked in the telecoms ministry of the old regime.

"There is security, but if there is no food soon the situation will change."

The Taliban named an interim government last week and acting ministers have been holding press conferences spelling out policies that range from how women should dress at university to what sports can be played.

But they have been light on details of how the country will be run and when they will get the civil service functioning again.

"I am just happy they didn't kill me yet," said Abdul Rahim, the ex-soldier who served with the old army's 209th corps until surrendering just days before Kabul fell on August 15.

"If they revive the army I will join as a soldier again, but if not, I will have to find another job."

Newsletter

Related Articles

0:00
0:00
Close
Government Advances New Airport Slot Rules to Ease Airline Operating Constraints
BBC Opens Flagship Science-Fiction Franchise to Competitive Production Bids
Chancellor Meets City Leaders Amid Concerns Over Gilt Market Liquidity
Rathbones Shares Fall Seventeen Percent After Regulatory Review Reveals Compliance Failings
United Kingdom Joins Group of Seven Initiative Using Artificial Intelligence and Quantum Computing for Cancer Research
Parliament Debates Doubling Tax Allowance for Pensioners After Major Public Petition
Measles Cases Exceed Seven Hundred in London and the West Midlands
British Military Leadership Faces Parliamentary Scrutiny After Defence Secretary's Sudden Resignation
House of Lords Begins Debate on Steel Industry Nationalisation Legislation
Parliament Advances Bill to Abolish NHS England and Create Single Patient Records
Parliament Fast-Tracks National Security Bill to Expand Powers Against Foreign Threats
United Kingdom and European Union Set July Summit to Deepen Post-Brexit Cooperation
United Kingdom Imposes Seventy New Sanctions on Russia and Expands Support for Ukraine's Nuclear Sector
United Kingdom Announces Social Media Ban for Children Under Sixteen
0British Government Investigates Reports of Russian Warship Firing Warning Shots Near Isle of Wight
UK Supreme Court Revises Legal Definition of Deprivation of Liberty
King’s Birthday Honours Recognise Contributions Across Science, Culture and Public Service
UK Ministry of Defence Reports Interdiction of Russian Shadow Fleet Vessel
UK and US Launch Joint Regulatory Programme for Medicines and Healthcare Products
Solicitor General Refers Murder Sentence to Court of Appeal Under Unduly Lenient Scheme
UK Launches £1.6 Million Mobile Museum Initiative to Expand Cultural Access
Judicial Pay Structure Undergoes Government Review Following Senior Recommendations
Government Confirms Nearly 180 New Youth Hubs Across the United Kingdom
UK Government Expands Careers Support Through Partnership with LinkedIn
Digital News Report Highlights Growing Global Concern Over AI and Information Overload
UK Chancellor Reaffirms Fiscal Discipline and Borrowing Reduction Strategy
UK Government Invests £219 Million in Sustainable Aviation Fuel Development
Rolls-Royce Small Modular Reactors Secures Major Swedish Export Contract
Government Confirms Locations for Nearly 180 Youth Hubs Across Great Britain
UK Government Partners with LinkedIn to Expand Employment Support Services
Reuters Institute Report Flags Rising Public Anxiety Over News and Information Overload
UK Government Commits £219 Million to Expand Sustainable Aviation Fuel Industry
Chancellor Convenes Market Engagement Group to Assess UK Economic Outlook and Productivity Risks
Rolls-Royce Wins Multibillion-Pound Swedish Contract for Small Modular Nuclear Reactors
Government to Ban Social Media Access for Under-Sixteens Across the United Kingdom
Government Approves Fast-Tracked Broadcast Merger Reshaping UK's Media Landscape
Resignation of Defence Secretary John Healey Triggers Debate Over UK Military Strategy
Britain Intensifies Diplomatic Efforts to Support US-Iran Ceasefire
Bank of England Faces Tough Interest Rate Choices After Economic Contraction
Belfast Sees Second Day of Anti-Migrant Riots as Police Deploy Water Cannons
UK Economy Shrinks in April as Energy Price Shocks Weigh on Growth
UK to Ban Social Media Access for Children Under 16 From 2027
UK Parliament Opens Week of Fast-Tracked Security and Infrastructure Legislation
Northern Ireland Projects £21 Million Boost From Major Cultural and Sporting Events
UK and Japan Sign Technology Security Pact to Strengthen AI and Supply Chain Cooperation
UK Welcomes US-Iran Peace Breakthrough Aimed at Restoring Strait of Hormuz Shipping
British Forces Intercept Russian Shadow Fleet Oil Tanker in English Channel Sanctions Operation
UK to Ban Social Media for Under-16s Under Landmark Online Safety Expansion
Anti-Immigrant Riots Spread Across Belfast, Raising Security Concerns
Ministry of Defence Opens Europe's Largest Drone Testing Facility in Swindon
×