FX fact: Afghanistan: new carpets for a crumbling bank

MARKET NEWS

Da Afghanistan Bank, Afghanistan’s central bank, has a lively history. Although it now has a new post-Taliban governor, and the rebuilding process is underway, reports suggest the building’s walls in Kabul are crumbling and that there are no fixtures or staff -- or money for that matter.

The new central bank president, Ullah Hashimi, was a former finance adviser to president Burhanuddin Rabbani, ousted by the Taliban in 1996. He was nominated above the Northern Alliance’s choice -- the pre

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