Financial TimesFinancial Times

Afghanistan’s currency crisis leaves millions at risk of starvation

By Tommy Stubbington

16 Jan 2022 · 3 min read

Afghanistan’s currency has plummeted about a quarter since the Taliban seized power, exacerbating an economic crisis that has left millions of people in the import-dependent country facing starvation.

The afghani has fallen to 105 per dollar from about 80 before the hardline Islamist group’s August victory, making it among the world’s worst-performing currencies over the past six months. It is second only to Turkey, where the lira has been battered by Recep Erdogan’s unorthodox economic policies.

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