Afghanistan's currency hit 100 to the US dollar Tuesday, losing five percent of its value in one day in a panic triggered by fears that one of the country's biggest banks could collapse, traders said.
Afghanistan has been hit by an enormous shortage of dollars since the Taliban marched into Kabul and seized power on August 15, as international donors suspended billions in aid provided annually to the previous regime.
"That was false," said Haji Sher Shah Ahmadzai, who heads the dispute resolution committee at Kabul's Money Exchange Commission. The Afghani stood at 104.5 to the greenback in late Tuesday trade, compared to around 80 in early August.
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