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Friday, May 22, 2015

Economics of war

Dollars Disappear in Afghanistan With Exiting U.S. Troops

U.S. Soldiers and Afghan Security Personnel in JalalabadAs American troops leave Afghanistan, U.S. dollars are also heading out the door. The Afghani has dropped about 5 percent this quarter, the fifth-steepest fall among 84 so-called exotic currencies tracked by Bloomberg. It touched 60.8020 a dollar on May 20, the lowest in data going back to 2003, when currency reforms were completed after U.S. forces regained control from the Taliban.

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