The Ministry of Economy has gotten in touch with the United States to release Afghanistan’& rsquo; s frozen assets and return the funds to the nation’& rsquo; s central bank.
Abdul Latif Nazari, the Deputy Minister of Economy, likewise urged the worldwide community and other nations to raise banking sanctions and limitations versus Afghanistan and for ongoing humanitarian and developmental aid to help restore the nation’& rsquo; s infrastructure.
Afghanistan has been experiencing an economic crisis for more than three and a half years, with numerous residents facing dire financial conditions.
This crisis is largely attributed to the freezing of Afghanistan’& rsquo; s reserve bank possessions by the U.S.
and the worldwide’neighborhood & rsquo; s banking sanctions on the country.
While slamming the continuation of these pressures, calls on the U.S.
to launch Afghanistan’& rsquo; s frozen properties and hand them over to the country’& rsquo; s reserve bank have actually continued to be made.
Abdul Latif Nazari, the Deputy Minister of Economy, also stressed the value of reconstructing Afghanistan’& rsquo; s infrastructure and advised the worldwide neighborhood to support Afghanistan through sustained humanitarian and developmental assistance.
Experts think that if Afghanistan’& rsquo; s possessions are released and financial and banking sanctions are raised, it might assist the country emerge from its financial crisis and improve its financial scenario.
This comes after the Islamic Emirate took power in Afghanistan, prompting the United States to freeze more than $9.5 billion of the country’& rsquo; s reserve bank reserves.
In 2022, $3.5 billion of these funds were transferred to a trust fund in Switzerland to be utilized for Afghanistan’& rsquo; s economic aid.
Presently, another $3.5 billion stays frozen in U.S.
banks, while over $2 billion is kept in banks in Europe and the United Arab Emirates.
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