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Will the Taliban reissuance 24 years later and reissuance the currency? Afghan economic outlook conjecture

On August 19, a Taliban spokesman officially announced that a new country would be built in the future called the Islamic Emirate of Afghanistan. This is not a new country, because 24 years ago, in October 1997, the Taliban seized power, and the islamic emirate of Afghanistan was also announced. So how different is the Islamic Emirate of Afghanistan from the one it was 24 years ago?

Will the Taliban reissuance 24 years later and reissuance the currency? Afghan economic outlook conjecture

In fact, it can be seen from the name of the country that the teachings of Islam are still the basis of governance, so women's rights and interests will be greatly withdrawn. It is possible that women can work and can study, however. Employment opportunities will be greatly reduced and women's rights will be withdrawn and granted again to a limited extent. Women's veil burqas, it is estimated that they still have to wear, in fact, the future may only be better than 14 years ago, but in the long run can not change much. Now the posters of women with their faces on the streets of the Afghan capital have begun to be removed.

At present, the domestic economic situation in Afghanistan is turbulent, prices are soaring, and the currency of the original government is depreciating sharply. So many people are grabbing shopping funds at the same time, constantly thinking about whether the original government currency at hand can still be used in the future? Will the new Afghan Taliban regime issue a new currency? Afghanistan's current currency, known as the Afghanistan, was also issued in 2002 by the Taliban's new government after the U.S. and Western coalition forces drove out the Taliban. There is currently 83.5013 Afghanis per dollar, but on the black market, afghanis have fallen further.

Will the Taliban reissuance 24 years later and reissuance the currency? Afghan economic outlook conjecture

In fact, the answer is also very clear, since the Taliban have established a new state, they will definitely issue their own new currency. There is no second alternative answer, which country does not issue a new currency after a change of dynasty? And for the Taliban, he needs to issue new currencies, otherwise he can't control the trend of the economy through currency issuance, so how can the long-term rule continue? In addition, when the Taliban came to power for the first time in 1997, they also abolished the original currency and issued a new currency. This time will not be an exception.

Why did it become so important to issue new money after a new regime was established? Especially important for the Taliban. Because at present, Afghanistan's national wealth is no longer in the country, the original Afghan government has 9.4 billion US dollars of national reserves, including 1.3 billion US dollars worth of gold and more than 300 million US dollars of monetary reserves, some of which are deposited in the Federal Reserve Bank of New York, and some of which exist in international organizations and other countries, most of which are allies of the United States. The proportion of national wealth in the country is very low, that is to say, the original Afghani has no support, has become very empty, and even becomes waste paper at any time.

In fact, in addition, there are the following reasons, which also require the Taliban to issue new Afghan afghanis as soon as possible in the future. Then the exchange ratio for the original currency is set and effectively recovered, thereby stabilizing the domestic economic situation in Afghanistan.

Will the Taliban reissuance 24 years later and reissuance the currency? Afghan economic outlook conjecture

1 Now that the name of the country in Afghanistan has changed, we know that a country's banknotes must have its own national name printed on it. Formerly printed on banknotes was the "Republic of Afghanistan", now called "Islamic Emirate of Afghanistan". In this case, how is it possible to still use the original banknote? Banknotes are also the face of a country, and it is impossible to do so because of a wrong country name.

2. Every government must seize the right to mint its own money, which is the basic right of a government. By issuing new banknotes, you can actually firmly control your own economy. Because these banknotes are transported to all aspects of the exchange of value in the domestic economy, the economic functioning must be sustained by the exchange of new banknotes. This kind of coinage is actually of great benefit to a government, from which he may also receive seigniorage. That is what we call whoever prints money can get rich.

3. The original government-issued Afghan Afghani reserves are no longer under the control of the current government, and their value is no longer guaranteed. Then there will only be continuous depreciation in the future, and it will trigger domestic inflation in Afghanistan. In this case, in fact, it is necessary to stop using the original banknotes and use the currency guaranteed by the new regime to effectively stabilize the local economic situation in Afghanistan.

4. In addition, how much of the currency issued in the past is not known to be controlled by hostile forces or foreign hostile forces. If these currencies continue to circulate, it will be easier for hostile forces to carry out subversive activities in their own countries. Secondly, to a certain extent, it is also to send money and resources to hostile forces. New currency was issued, and the hostile forces could not exchange the original currency, basically turning the original currency they owned into waste paper.

To sum up, it is a core point. When the management of the country is mastered, the first step is to grasp the right to issue money, and only through the issuance of new money can all economic exchanges in the country be controlled. It can also succeed in destroying the attempts of hostile forces to destroy their own economies. As long as state power is seized by force, the currency will be reissued and the currency of the original government will never be used.

Will the Taliban reissuance 24 years later and reissuance the currency? Afghan economic outlook conjecture

After the Taliban declare their statehood, it is estimated that the printing and distribution of the new currency will soon begin, and then the exchange ratio with the original Afghani will be determined. To some extent, whatever the defined proportion will be a process of concentrating Afghanistan's wealth on the new Government. Now anyway, it is all credit money, and it does not need too many currency issuance reserves, as long as it meets the needs of social circulation, it will not cause inflation. Moreover, the currency issuance reserves can also be collateralized by their own national mineral deposits or the potential wealth of other countries, and can be used as collateral by other friendly countries to ensure the stability of their currencies.

It is estimated that in the near future, the new Afghan currency with the "Islamic Emirate of Afghanistan" printed on it will soon be possible. In fact, if it were not for the Taliban's military progress too smoothly, if it would take a long armed struggle, it might soon be announced that a new currency would be issued after entering the capital, and everything would be ready, just because it was too smooth, and the Taliban had not yet come and prepared to improve how to take over the overall economy and consider the effective management of the country.

Will the Taliban reissuance 24 years later and reissuance the currency? Afghan economic outlook conjecture

In fact, as long as the Taliban stop supporting terrorism, truly seek peace and a better life for their own people, and protect the fundamental rights of all races and all genders, then the people of each country should choose the path they should take, and there is no need for other countries to point fingers. When the Taliban print their own currency, they will begin to seek international recognition and support from other countries, and if Afghanistan can enter the seat of the United Nations to replace the original government, it will herald their return to the mainstream world. Another era in Afghanistan has arrived. #Taliban announces the formation of the Islamic Emirate of Afghanistan ##美国冻结阿富汗在美资产 #

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