Following the suspension of US aid and the devaluation of the Afghani, the Taliban's prime minister made it mandatory to use the Afghani currency in transactions. Previously, the Taliban had banned the use of foreign currencies.
The Taliban's prime minister's office said in a statement, "No one can transfer more than $5,000 through airports and more than $500 through land borders."
The Taliban has also banned the entry of foreign currencies into Afghanistan and banned the transfer of dollars abroad.
The Taliban has also once again emphasised on preventing the smuggling of currency, gold, and historical artifacts.
In a statement issued by the Taliban's Prime Minister's Office on Monday, January 27, it was stated that violators will be imprisoned from 10 days to one year, depending on the amount of foreign currency transfers.
According to this order, the transfer of $1 million is considered to be one year in prison, and for lesser amounts, for every $100,000, one month in prison.
The statement also said that the money and gold seized from the "violators" will be kept in the Central Bank of Afghanistan until the Prime Minister's decision is made.
In recent days, with the sharp decline in the value of the Afghani currency against the dollar, the Central Bank offered millions of dollars to the market, and the group also closed the foreign exchange markets to control the price.
However, the value of the Afghani currency continues to depreciate against the dollar.
After the suspension of US aid, the dollar against the Afghani crossed the 80 Afghani mark.
This comes as a while ago, one dollar was traded at 69 afghanis in the Kabul foreign exchange market.
