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Afghan frozen assets generates $70M interest


Kabul: Shah Mohammad Mehrabi, Central Bank supreme council member and board member of the Afghan Trust Fund in Switzerland said that the $3.5 billion fund along with $70 Million of its interest should be used for achieving monetary stability and reducing Afghani currency fluctuation risks.

“During the meeting, the board took decisive actions to further operationalize the Afghan fund with a focus on protecting and preserving its assets on behalf of the Afghan people. The board agreed to seek external funding to cover the Afghan fund’s operational expenses. At the same time, they decided to allocate a specific portion of the fund’s annual interest earning towards essential operational costs,” Tolo news quoted Mehrabi.

Meanwhile Afghanistan economy ministry says that freezing of Afghan assets in foreign banks inflicts various types of impacts on the improvement and development of the country’s economy, and these assets belong to the people of Afghanistan and should be returned.

The Afghan trust fund was established in September 14th of 2022 and is intended to preserve and manage the $3.5 billion Afghan assets in Switzerland.

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