US to disburse $3.5bn of frozen Afghan funds ...News

Washington is set to transfer part of the country’s central bank reserves to a fund in Switzerland The US is preparing to release half of the $7 billion of seized Afghan central bank funds and transfer it to a bank in Switzerland for further disbursement. The Taliban, meanwhile, demands the money be made available to the Afghan government. The move was announced on Wednesday by the US Treasury, which stated that the $3.5 billion would be placed in a so-called ‘Afghan Fund’ set up at Switzerland’s Bank for International Settlements, and that the funds would be used to bolster Afghanistan’s macroeconomic stability b

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Last updated : 14 September 2022 clock 05:32 PM

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US to disburse $3.5bn of frozen Afghan funds ...News

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