The afghani dropped 1.7% on Tuesday to 83.5013 against the US dollar, marking the fourth day of decline, according to data tracked by Bloomberg.
“Currency spiked from a stable 81 to almost 100 then back to 86. I held meetings on Saturday to reassure banks and money exchangers to calm them down,” Ahmady wrote.
That's not a crash. Also I wonder how many people there actually use the local currency and how many just trade in USD.
Also depriving the population of cash. What better way to destroy the civilian population than to hand them over to the Taliban and then turn off the money. This is a strategy from hell, if indeed there is any kind of strategy.
Heck, it could even be a good thing. The dollar is a complete mess, especially right now, and it was tied to that. If they can go their own way, it could even work out in their favor.
I just hope they don't want to go to gold-backed currency...we'd have to invade them again; that's just not allowed, because reasons.
That's not a crash. Also I wonder how many people there actually use the local currency and how many just trade in USD.
I'm assuming that their local currency was pegged to the USD.
US Treasury Freezes Billions In Afghan Reserves, Depriving Taliban Of Cash - https://www.zerohedge.com/geopolitical/us-treasury-freezes-billions-afghan-reserves-depriving-taliban-cash
Also depriving the population of cash. What better way to destroy the civilian population than to hand them over to the Taliban and then turn off the money. This is a strategy from hell, if indeed there is any kind of strategy.
Heck, it could even be a good thing. The dollar is a complete mess, especially right now, and it was tied to that. If they can go their own way, it could even work out in their favor.
I just hope they don't want to go to gold-backed currency...we'd have to invade them again; that's just not allowed, because reasons.
Soros is probably shorting it.