Today: 23 August 2025
13 February 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

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Qatar: Syria’s stability key to region

Qatar, speaking for the Arab Group at the UN, urged unity and sovereignty for Syria as regional diplomacy, UN warnings, and fragile ceasefires highlight a precarious crossroads….reports Asian Lite News Qatar, speaking
Go toTop

Don't Miss

White House Addresses Alleged Indian Involvement in Assassination Bid

Welcoming India’s efforts to investigate the matter, Kirby also said

US vetoes UN resolution for ‘humanitarian pauses’ in Gaza

The resolution proposed by Council President Brazil received 12 votes,