February 13, 2022
1 min read

Biden’s ‘splitting plan’ an injustice to people: Afghan central bank

Joe Biden signed an Executive Order allowing some of the frozen assets from the Afghan central bank to be distributed as assistance and to victims of the September 11, 2001 terror attacks…reports Asian Lite News

The Afghan central bank on Sunday called for the reversal of the US government’s decision to split the frozen assets of the war-torn nation.

On Friday, US President Joe Biden signed an Executive Order allowing some of the frozen assets from the war-torn nation’s central bank to be distributed as assistance and to victims of the September 11, 2001 terror attacks, according to a White House statement.

According to the White House, while “the administration will seek to facilitate access to $3.5 billion of those assets for the benefit of the Afghan people”, “more than $3.5 billion in DAB assets would remain in the US and are subject to ongoing litigation by American victims of terrorism”.

In its statement on Sunday, the Da Afghanistan Bank (DAB) said that it considers the US’ move on “blocking Foreign Exchange (FX) Reserves and allocating them to irrelevant purposes, injustice to the people of Afghanistan and will never accept if the FX reserves of Afghanistan is paid under the name of compensation or humanitarian assistance to others and wants the reversal of the decision and release of all FX reserves of Afghanistan”, reports Xinhua news agency.

“As per the law and relevant regulations, FX reserves of Afghanistan are used to implement monetary policy, facilitate international trade and stabilize financial sector.”

The real owners of these reserves are people of Afghanistan. These reserves were not the property of governments, parties and groups and is never used as per their demand and decisions, the bank’s statement added.

When Kabul fell to the Taliban in August 2021, Afghanistan had over $9 billion in reserves held in the name of DAB outside of the country.

This included $7 billion in reserves held in the US, with the rest of the reserves largely being in Germany, the UAE, Switzerland, and a couple of other states.

ALSO READ: India quietly resumes aid to Afghanistan

Previous Story

Huge fire at Tehran Grand Bazaar burns down 30 stores

Next Story

Qureshi turns dissenter after being overlooked by Imran

Latest from -Top News

Pakistan reverses support for Trump’s Gaza peace plan

Pakistan retracts support for Trump’s Gaza peace plan, citing differences with Muslim nations’ draft; move reflects domestic sensitivities and regional alignment amid ongoing Middle East conflict diplomacy. In a surprising shift, Pakistan’s

Hamas agrees to release all hostages

Hamas agrees to release all Israeli hostages under Trump’s 20-point Gaza peace plan, backed by global powers and the UN, paving the way for regional stability. Hamas has formally agreed to release

Qatar now under US shield

Trump offers Qatar an unprecedented security guarantee, pledging US military protection amid Israeli strike and Gaza peace negotiations, reinforcing Qatar’s role in regional diplomacy. In an extraordinary move, the United States has

UAE condemns Manchester attack

UAE condemns Manchester synagogue attack; UK deploys extra police, PM Starmer vows protection for Jewish communities while emergency services respond to a shocking Yom Kippur tragedy. The United Arab Emirates has strongly
Go toTop

Don't Miss

Iraqi PM Responds to Strikes, Vows to Oust US-led Coalition

Al-Sudani accused the coalition of repeating the “crime” of killing

Prosecutors allege Bannon thought he was above law

Prosecutors opened the trial with the simple argument: The Trump