Today: 3 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

Hamas Sets Terms For Disarmament

HAMAS: ‘The resistance and its weapons will not be abandoned until our full national rights are restored, foremost among which is the establishment of an independent, fully sovereign Palestinian state’ Hamas affirmed

Statehood For Palestine

Analysts see the general move as a deliberate push to revive a stagnant peace process long controlled by Israel, Hamas and the United States, all of whom, they say, have shown little

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite

Famine grips Gaza, WHO warns

WHO said Gaza’s population is facing acute food insecurity under the Integrated Food Security Phase Classification…reports Asian Lite News The World Health Organisation (WHO) has issued its starkest warning yet about the
Go toTop

Don't Miss

Posters issued ordering Afghan women to cover-up

Since returning to power in August, the Taliban have increasingly

Pakistan, Afghanistan agree to resume Dosti bus service

The decision to resume the Dosti bus service was materialised