London Daily

Focus on the big picture.
Wednesday, Feb 18, 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
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
Rupert Lowe wanted to deport rape gangs and the communities who protected them
Reform UK Appoints Former Conservative Minister Robert Jenrick as Finance Chief
UK Unemployment Rises to Highest in Nearly Five Years as Labour Market Weakens
Rupert Lowe Advocates for English-Only Use in the UK
US Successfully Transports Small Nuclear Reactor from California to Utah
South Korea's traditional sand wrestling sport ssireum faces declining interest at home
Japan outlawed Islam
Virginia Giuffre accuses Epstein of trafficking to powerful men for blackmail.
New Mexico lawmakers initiate investigation into Zorro Ranch linked to Jeffrey Epstein
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
The Spanish government has ordered prosecutors to investigate platforms X, Meta and TikTok for allegedly spreading AI-generated child sexual abuse material
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Nigel Farage Names Reform UK Frontbench Team and Signals Zero Tolerance for Internal Dissent
Qualcomm to Withdraw UK Lawsuit Over Smartphone Chip Royalty Dispute
Major UK Banks Explore Domestic Card Network to Rival Visa and Mastercard
Cold Health Alert Issued Across UK as Temperatures Drop Sharply
Nine-Year-Old Becomes First Child in UK to Undergo Groundbreaking Leg-Lengthening Surgery
UK Workers Face Stagnant Incomes and a Softening Labour Market as Unemployment Climbs
UK Passport Rules Tightened for British Dual Nationals Under New Travel Guidance
California Deepens Global Climate Alliance with New UK Pact and Major Clean-Tech Investment Drive
UK Supreme Court Tightens Rules on Use of ‘Milk’ and ‘Cheese’ Labels for Plant-Based Products
University of Kentucky Postpones Feb. 19 Law Enforcement Training Exercise in Lexington
‘The only thing illegal is Keir Starmer handing these islands to a country like Mauritius!’
JD Vance says Germany is “killing itself” by taking in millions of fake asylum seekers from culturally incompatible nations.
UK Markets Signal Opportunity as Starmer Confronts Intensifying Political Pressure
Trump Criticises Newsom’s UK Climate Pact, Defends Federal Authority Over Foreign Engagements
UK’s Top Prosecutor Says ‘No One Is Above the Law’ as Police Review Claims Against Ex-Prince Andrew
Businessman Adam Brooks weighs in on the reports that the US is set to help Hamit Coskun flee the UK, over free speech concerns
U.S. Attorney General Pam Bondi Releases 3.5 Million Pages of Jeffrey Epstein Case Files
US Secretary of State Marco Rubio Comment on European allies report blaming Russia for killing late Kremlin critic Alexei Navalny using toxin from poison dart frogs
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
UK Quran Burner May Receive Asylum in the US Amid Legal Challenges
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Prince William Meets Saudi Crown Prince as Epstein-Andrew Fallout Casts Shadow
Starmer Calls for Renewed ‘Hard Power’ Investment at European Security Summit
UK Police Establish National Taskforce to Handle Domestic Epstein-Linked Allegations
UK Court Rules Ban on Palestine Action Unlawful in Major Free Speech Test
UK Faces Prospect of Net Migration Turning Negative as Economic Impact Looms
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
Pentagon Reviews Anthropic Partnership After Claude AI Reportedly Used in Operation Targeting Nicolás Maduro
President Donald Trump and Hip-Hop’s Political Realignment: Pardons, Public Endorsements, and the Struggle Over Cultural Influence
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
Goldman Sachs and DP World Executive Resignations: Elite-Reputation Risk and Corporate Governance Fallout From the Epstein Disclosures
‘Amelia’: The UK Government’s Anti-Extremism Game Villain Who Became a Protest Symbol
Peter Mandelson Asked to Testify Before US Congress Over Jeffrey Epstein Links
×