US judge says 9/11 victims not entitled to Afghan bank assets
2 years, 4 months ago

US judge says 9/11 victims not entitled to Afghan bank assets

Al Jazeera  

Seizure of central bank assets would effectively acknowledge the Taliban as the legitimate government of Afghanistan, judge says. A United States judge has recommended that victims of the September 11, 2001 attacks not be allowed to seize billions of dollars of assets belonging to Afghanistan’s central bank to satisfy court judgements they obtained against the Taliban. After the Taliban’s takeover of Afghanistan in August 2021, governments and international institutions froze the country’s central bank assets held abroad, totalling about $10bn. Allowing the seizures of the bank’s assets would effectively acknowledge the Taliban as the legitimate government of Afghanistan, something only the US president can do, the judge said.

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History of this topic

Afghanistan calls on US to release frozen assets to its people
8 months ago

Afghanistan calls on US to release frozen assets to its people

China Daily  

Photo taken on Sept 16, 2021 shows Da Afghanistan Bank in Kabul, capital of Afghanistan. It is incorrect to say any asset of Afghanistan's central bank is part of the "aid" from another country to the Afghan people, they said. The Special Inspector General for Afghanistan Reconstruction, or SIGAR, of the US, in its latest report released on May 3, …

Afghan central bank lacks independence from Taliban: US watchdog
1 year, 5 months ago

Afghan central bank lacks independence from Taliban: US watchdog

Al Jazeera  

It lacked independence from the Taliban, had deficiencies in anti-money laundering and countering ‘terrorism’ financing. A US-funded assessment of Afghanistan’s central bank found that it lacks independence from the Taliban administration and adequate safeguards against money laundering and terrorism financing, a US watchdog has told the US Congress. The DAB “lacked independence from the Taliban regime and had deficiencies in …

China, Russia, Pakistan back Taliban, urge West to lift freeze on Afghanistan assets
1 year, 10 months ago

China, Russia, Pakistan back Taliban, urge West to lift freeze on Afghanistan assets

Firstpost  

After the Taliban takeover of Kabul in 2021, the United States froze around $7 billion in central bank assets belonging to the government of Afghanistan. Another substantial amount of approximately $2 billion of Afghan assets was frozen by European banks Tashkent : China and Pakistan joined Russia and two other nations in asking the West to lift the freeze on …

US to move $3.5bn in Afghan assets to Swiss-based trust
2 years, 3 months ago

US to move $3.5bn in Afghan assets to Swiss-based trust

Al Jazeera  

Housed in the Bank for International Settlements, the new Afghan Fund will be managed by an international board of trustees. The United States has said it will transfer $3.5bn in Afghan central bank assets – part of the reserves seized after the Taliban took power in August last year – into a new Swiss-based trust fund to be used “for …

‘Theft’: Advocates decry US decision to withhold Afghan funds
2 years, 10 months ago

‘Theft’: Advocates decry US decision to withhold Afghan funds

Al Jazeera  

President Joe Biden’s decision to effectively seize the Afghan central bank’s funds in the United States and repurpose half of the money as compensation to the victims of the 9/11 attacks has drawn rebuke and accusations of “theft” against Washington. “What Biden is proposing is not justice for 9/11 families, it is theft of public funds from an impoverished nation …

Afghan central bank allows merchants to withdraw $25,000 monthly
3 years, 3 months ago

Afghan central bank allows merchants to withdraw $25,000 monthly

India TV News  

Afghanistan's central bank, Da Afghanistan Bank, has allowed merchants and owners of private companies to withdraw $25,000 from their bank accounts once a month, a local TV channel reported. Following the latest decision and announcement of DAB, the Afghan entrepreneurs could receive $25,000 or its Afghani equivalent once in a month from their accounts from all banks across Afghanistan, Xinhua …

Afghan central bank board member asks Biden, IMF to release funds
3 years, 4 months ago

Afghan central bank board member asks Biden, IMF to release funds

Al Jazeera  

The US and the IMF should provide the Taliban with limited monetary access to prevent economic collapse, Shah Mehrabi says. A senior board member of Afghanistan’s central bank is urging the US Treasury and the International Monetary Fund to take steps to provide the Taliban-led government limited access to the country’s reserves to avoid economic disaster. US President Joe Biden’s …

Taliban denied access to $9.5 billion of Afghan money
3 years, 4 months ago

Taliban denied access to $9.5 billion of Afghan money

India TV News  

The US has frozen nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation as it tries to keep a Taliban-led government from accessing the money, Bloomberg reported. The official said that any central bank assets that the Afghan government has in the US will not be available to the Taliban, …

US freezes Afghan central bank’s assets of $9.5bn
3 years, 4 months ago

US freezes Afghan central bank’s assets of $9.5bn

Al Jazeera  

Any central bank assets that the Afghan government has in the US will not be available to the Taliban, the gov’t said. The U.S. has frozen nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation as it tries to keep a Taliban-led government from accessing the money, an administration official …

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