The Taliban's foreign affairs ministry on Thursday condemned the United States' decision to transfer Afghan central bank reserves into a Swiss-based trust, saying it was against international norms.
On Wednesday, Washington announced it would transfer $3.5 billion in previously frozen Afghan central bank assets into a new trust fund that it said would be shielded from the Taliban and used to help stabilise Afghanistan's collapsed economy.The foreign affairs ministry deemed the U.S.
The U.S. has said the Afghan fund, managed by a board of trustees, could pay for critical imports like electricity, cover debt payments to international financial institutions, protecting Afghanistan's eligibility for development aid, and fund the printing of new currency. Though U.S. officials have had talks for months with Taliban and Afghan central bank officials, Washing has said no money would go to the bank until it is "free of political interference" - diplomatic parlance for replacing the bank's top Taliban officials, two of whom are under U.S. and U.N. sanctions - and anti-money laundering safeguards are instituted.
Balkhi said that in talks with U.S. officials the Taliban had made clear its willingness to open the central bank to third party monitoring of anti-money laundering and counter-terrorism financing programs and that it had proven the central bank was independent.Reporting by Charlotte Greenfield; Editing by David Gregorio
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