According to recent estimates, Afghanistan had approximately $10 bn in Official Reserves before US evacuation. News reports indicate that Taliban forces tried to search for them inside the Afghan Central bank Da Afghanistan bank (DAB) Fortunately for the Afghans, these were held almost entirely as $9bn in US Treasury bonds placed at Federal reserve bank of New York, however, the Taliban may have obtained substantial DAB's foreign currency cash holdings worth around $362 million held at the bank's head offices and branches, as well as the presidential palace, provided it was not looted by the departing president now in exile and other corrupt ones. Discuss what these Official Reserves imply for Afghanistan which has been ravaged by war for over two decades and had trade, current, and capital accounts deficits.
According to recent estimates, Afghanistan had approximately $10 bn in Official Reserves before US evacuation. News reports indicate that Taliban forces tried to search for them inside the Afghan Central bank Da Afghanistan bank (DAB) Fortunately for the Afghans, these were held almost entirely as $9bn in US Treasury bonds placed at Federal reserve bank of New York, however, the Taliban may have obtained substantial DAB's foreign currency cash holdings worth around $362 million held at the bank's head offices and branches, as well as the presidential palace, provided it was not looted by the departing president now in exile and other corrupt ones.
Discuss what these Official Reserves imply for Afghanistan which has been ravaged by war for over two decades and had trade, current, and capital accounts deficits.
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