Lawfare: Afghan central bank assets in the United States were frozen by President Biden following the Taliban’s takeover of the government in August 2021. As discussed on Lawfare and the Transnational Litigation Blog, half of those assets have been transferred to the “Afghan Fund” in Switzerland to be used for the benefit of the Afghan
Khaama: The Central Bank of Afghanistan stated on Tuesday that a new package of $40 million had arrived in Kabul, taking the total amount of cash assistance from the international community to Afghanistan since the installation of the country’s new administration to $1.673 billion. Despite the arrival of the packages poverty, hunger, and unemployment remain
FP: Like the previous government, the Taliban also depend on exchangers to stabilize the value of the afghani currency through U.S. dollar auctions, where Da Afghanistan Bank sells U.S. dollars to exchangers to soak up excess afghanis in circulation that could otherwise devalue the local currency. Exchangers’ work has become only more crucial as Afghanistan’s
Tolo News: The Central Bank said that the banking system in the country is getting back to normal levels, and urged citizens to remain supportive of the banking sector in the country. Haseebullah Noori, press director of Da Afghanistan Bank (Central Bank), said that the banking sector is out of the crisis now. The Central
8am: In a newsletter, the Central Bank of Afghanistan under Taliban control in a series of Tweets said on Tuesday, October 18 that the group received the fifth aid package of 40 million dollars from the international community in Kabul. The international community has been injecting aid packages while there is no reliable monitoring mechanism
8am: In a newsletter, the Central Bank of Afghanistan under Taliban control said Wednesday it had received another cash package of 40 million dollars from the international community which was deposited in a commercial bank. Over the past ten days, this is the fourth package of 40 million dollars that reaches Kabul. Other packages worth
LA Times: In previous years, the Afghan central bank — known as Da Afghanistan Bank, or DAB — would withdraw annually 3 billion to 4 billion afghanis’ worth (about $33 million to $45 million) of decrepit banknotes and substitute them with new ones printed abroad. (Afghanistan does not have its own mint.) But the international
Xinhua: Afghanistan received 40 million U.S. dollars in cash as humanitarian aid to bolster its impoverished economy on Wednesday, the country’s central bank announced. The war-town country received a similar amount on Sept. 13 as part of support to raise the country’s foreign reserve, which is more than 1 billion U.S. dollars. Click here to
NPR: A recent visit to Afghanistan showed a country facing an economic crisis. The banking system has seized up. Credit cards aren’t working. Afghans abroad struggle to send money to relatives back home. The central bank’s shortage of funds is far from Afghanistan’s only banking problem. Private banks have struggled to do business with foreign
Ariana: Da Afghanistan Bank (DAB) announced that a humanitarian cash aid package of $40 million arrived in Kabul on Tuesday. This comes just two days after another cash aid package of $40 million arrived in the country. DAB said in a statement that on arrival of the cash packages are transferred to a commercial bank