Published 2 years ago

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

Summary by Ground News

The Taliban-run Afghan government has sought the return of billions of dollars in assets held in U.S. banks. The funds could go toward items such as electricity imports, debt payments to international financial institutions and ensuring Afghanistan remains eligible for development aid. A board of trustees will manage the Afghan Fund.

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Reuters

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

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

2 years ago·United Kingdom

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The Star Kuala Lumpur

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

2 years ago·Malaysia

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The Washington Post

U.S. to redirect Afghanistan’s frozen assets after Taliban rejects deal

The Treasury Department said an oversight body will deploy $3.5 billion of Afghanistan’s central bank reserves to help stabilize the country’s ravaged economy.

2 years ago

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The Hill

US seeks to redirect Afghanistan assets, avoid Taliban | The HillOpen NavigationClose NavigationSearchFacebookTwitterFacebookTwitterTwitterFacebookLinkedInWhatsappEmailFacebookTwitterTwitterFacebookLinkedInWhatsappEmail Visit our Facebook page

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.…

2 years ago·Washington, United States

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IBTimes

U.S. To Move $3.5 Billion In Afghan Central Bank Assets To Swiss-based Trust

2 years ago·United States

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WION

US moves $3.5 billion of Afghan bank's reserves to Swiss-based trust, Taliban furious

The primary aim of the creation of the fund is to strengthen Afghanistan’s macroeconomic stability, including covering Afghanistans arrears in international financial institutions and paying for electricity imports, but it will not handle humanitarian aid or government salaries

2 years ago·Noida, India

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