Frozen dollar flow: the Afghan economy in free fall post-Taliban takeover

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Frozen dollar flow: the Afghan economy in free fall post-Taliban takeover
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Lack of financial aid has weakened Afghanistan’s fragile economy, causing a significant rise in food prices and adding more misery to the life of ordinary Afghans

It has been a week since the Taliban seized the Afghan capital Kabul after taking over large swathes of the country. Since then, the insurgent group has been trying to transform itself from a decades-old fighting force to a legitimate governing body.

"I am totally lost, I don't know what should I think about first, my safety and survival or feeding my kids and family," said a former policeman, now in hiding who has lost the $260 a month salary that he used to support his wife and four children. Ever since the US invaded Afghanistan in 2001, the war-stressed country’s fragile economy has been heavily reliant on the flow of dollars from outside. Much of the government spending has been covered by Western aid, most of which has already been cut after the Taliban takeover.

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