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The Taliban Have an Economic Crisis on Their Hands

Afghanistan‘s new leadership has some tough choices to make if they want to avoid hyperinflation

Kabul, September 2021: Money exchangers greet potential customers in the Sarai Shahzadah, Kabul’s currency exchange market, which is reopened for the first time since the Taliban took over. Credit: MARCUS YAM / LOS ANGELES TIMES via Getty Images

One of the first places the Taliban went when they entered Kabul in August was the country’s central bank. There, they asked to “inspect” the bank’s billions of dollars in foreign exchange reserves. Apparently, they…

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