IMF stops funds to Afghanistan, reserves blocked from Taliban

The International Monetary Fund (IMF) has announced it will block the already-approved funds to Afghanistan following the collapse of the Ghani Government.

The IMF, early August, had approved a historic SDR456bn (US$650bn) to boost global liquidity .

The Special Drawing Rights (SDR) is an international reserve asset, created by the IMF to supplement its member countries’ official reserves.

The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

The Afghanistan Central Bank (DAB) was expected to receive about $450m on August 23rd via shipments due to the Country's high current deficit.