INSUBCONTINENT EXCLUSIVE:
The Ministry of Economy has gotten in touch with the United States to release Afghanistan's frozen assets and return the funds to the
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's infrastructure
Afghanistan has been experiencing an economic crisis for more than three and a half years, with numerous residents facing dire financial
This crisis is largely attributed to the freezing of Afghanistan's reserve bank possessions by the United States and the
worldwide'neighborhood's banking sanctions on the country
While slamming the continuation of these pressures, calls on the United States to launch Afghanistan's frozen properties and hand them
over to the country's reserve bank have actually continued to be made
Abdul Latif Nazari, the Deputy Minister of Economy, also stressed the value of reconstructing Afghanistan's infrastructure and advised the
worldwide neighborhood to support Afghanistan through sustained humanitarian and developmental assistance
Experts think that if Afghanistan'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'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's economic aid
Presently, another $3.5 billion stays frozen in United States banks, while over $2 billion is kept in banks in Europe and the United Arab
The post Ministry of Economy calls on United States to release Afghanistan's frozen funds first appeared on TINS News.
