Steep inflation has eroded the value of the currency, the Afghani — and the central bank, which is charged with fighting inflation, can't do much about it. Under the former government, Da Afghanistan Bank parked billions of dollars in currency, U.S. Treasury bonds, and gold in the United States. But when the Taliban seized power a year ago, the Biden administration froze the assets. Officials said they didn't want the militant group to seize and misuse the money in the same way that it seized U.S.-made weapons.
