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.
As is always the case, the IMF is guided by the views of the int'l community. There is currently a lack of clarity within the int'l community regarding recognition of a government in Afghanistan, as a consequence of which the country cannot access SDRs or other IMF resources.
IMF Spokesperson, Gerry Rice
The United States had earlier frozen approximately $9.5bn in Afghan Reserves.
Ajmal Ahmady, explained in a series of tweets, that the Central Bank vaults were empty, which is sure to cause a rise in inflation, currency depreciation and increase in food prices.
Ahmady who had earlier worked with the US Treasury and later the World Bank, was appointed Acting Governor of the Afghanistan Central Bank (DAB) last year.
Like Ghani, he has fled the Country.
source http://www.nairaland.com/6708993/imf-stops-funds-afghanistan-reserves
