U.S. to move $3.5 bln in Afghan central bank assets to Swiss-based trust

US to Move $3.5 Billion in Afghan Central Bank Assets to Swiss-Based Trust

The aim behind such a move is to "shield" the money from the Taliban and help pay for the stabilisation of Afghanistan's collapsed economy.

US sets up Swiss Fund for frozen Afghan assets, Taliban reject plan

The United States says it is setting up a Geneva-based fund to manage billions of dollars in frozen Afghan reserves, but the interim Taliban government in Kabul wants the reserves directly transferred to the Afghan central bank.

US to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The Afghan Fund will protect, preserve and make targeted disbursements of that $3.5 billion to help provide greater stability to the Afghan economy, the US Treasury said in a statement

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The Treasury Department on Wednesday announced a plan to direct $3.5 billion to a Switzerland bank that will provide economic assistance to Afghanistan while keeping the funds out of Taliban hands.…

US to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The Afghan Fund, managed by a board of trustees, could pay for critical imports like electricity, cover debt payments to international financial institutions, and fund the printing of new currency

US to transfer $3.5bn of Afghan central bank assets to Swiss-based trust fund

Funds will help support for Afghanistan’s collapsed economy while denying access to the Taliban-controlled central bank