The Taliban has banned the use of Pakistani currency in Afghanistan. The ban came into effect on October 1, says an international news agency.
This order was conducted by the Taliban’s anti-money laundering branch of the money exchange association. According to this order, all financial transactions, including but not limited to transfers, trade, and currency exchange, have been disallowed. Further, money exchange dealers have been banned from conducting transactions totalling more than Rs 5 lakh Pakistani Rupees. If the transaction is more than the specified amount, the dealers could face legal action.
This move is going to disrupt daily business as some locals and traders in Afghanistan use Pakistani Rupees for everyday spending and purchases.
Since the Taliban seized power in August last year, the relationship between the two countries has soured for several reasons, including increasing border clashes and the re-emergence of the outlawed Tehrik-i-Taliban Pakistan (TTP) in Pakistan.
The Taliban has also accused Pakistan of permitting its air space to be used by US drones to strike targets in the landlocked country. In retaliation, Pakistan has blamed the Taliban regime for the resumption of attacks by the TTP which has aggravated the security situation in the country.
Taliban alleged that Pakistan has received a huge sum of money for allowing the US airstrikes in Afghanistan through Pakistani airspace. The Taliban added that they have substantial evidence to back their claims.
On July 31, the US conducted a precision counterterrorism strike in Afghanistan that killed Al-Qaeda leader Ayman al-Zawahiri, Osama bin Laden’s deputy and successor.