Impoverished Afghanistan got rid of America, but not the US dollar

Afghanistan is in dire need of funds, but nothing of consequence happens at lending institutions like the IMF without US approval.

The Taliban may have swept Afghanistan, but they haven’t yet conquered its financial system, big parts of which rest on support from outside the country. The U.S. has a heavy hand in the multilateral organizations that dictate the flow of international aid upon which this shaky economy relies. Americans may be evacuating, but the dollar’s influence will remain. 

The International Monetary Fund, whose largest shareholder is the U.S., denied the Taliban access to reserve assets Wednesday, days before Afghanistan was set to receive almost $500 million. That came a day after a Biden administration official confirmed the U.S. froze nearly