City
Epaper

Taliban urges unfreezing of Afghan bank reserves

By IANS | Updated: November 1, 2021 11:15 IST

Kabul, Nov 1 The Taliban-led government in Afghanistan has urged the international community to unfreeze the country's bank ...

Open in App

Kabul, Nov 1 The Taliban-led government in Afghanistan has urged the international community to unfreeze the country's bank reserves in an effort to help prevent a humanitarian crisis, according to a media report.

In a statement, Ahmad Wali Hawmal, spokesman for the Taliban's Ministry of Finance, said the Afghan assets should be released without any conditions, adding that freezing the reserves opposes international law and is a "clear sign of cruelty against the Afghan people", reports TOLO News.

"The frozen money is not the asset of the Islamic Emirate, it is the money of needy people and businessmen. It is against international law and should be released soon."

On Sunday, a group of Afghan industrialists and traders staged a rally against the continued hold on Afghanistan's reserves, saying the severe economic crisis will harm not only the war-torn country but also other nations, TOLO News reported.

"If the money is not released, the crimes will increase, the cultivation of poppy and the smuggling of drugs will increase as well, which hurts Afghanistan and other countries," said Mohammad Shah Shahab, an industrialist.

It is constantly reported that respecting human rights, and granting the right to education and work to women are fundamental conditions set by the international community for the release of the assets.

"The money will not be released and the world will not recognise the new government, if the Islamic Emirate does not implement the conditions," said Zarqa Yaftali, a human rights activist.

After the collapse of the former government in August and the country's subsequent takeover by the Taliban, billions of dollars of Afghanistan's assets were frozen by the US.

The Treasury Department has announced it has no plans to release the assets.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Ahmad wali hawmalMohammad shah shahabAfghanistanKabulTalibanMinistry Of FinanceAfgIsraeli finance ministryTalibansFinance ministry of indiaPakistan economic affairs ministryPakistan ministry of economic affairs
Open in App

Related Stories

Other SportsTaliban Bans Chess in Afghanistan, Calling It a Form of Gambling Under Sharia Law

International"I Wish To See His End": Former LeT Member Exposes Hafiz Saeed’s Deadly Agenda

InternationalEarthquake in Afghanistan: Quake of Magnitude 5.9 Strikes Hindu Kush Region; Tremors Felt in Delhi-NCR

InternationalEarthquake of Magnitude 4.7 on Richter Scale Hits Afghanistan

Fact Check: Old Video of Afghan Fans Celebrating Wrongly Linked to India’s ICC CT 2025 Victory

International Realted Stories

InternationalThousands of Afghans face deportation as US court rejects delay in ending TPS protections

InternationalIndia sent a message with Op Sindoor, change in its strategic doctrine will change entire region: Warfare expert John Spencer

InternationalDevotees express joy and reverence as Dalai Lama departs for Ladakh

InternationalKC Venugopal urges PM Modi's immediate intervention in Kerala nurse Nimisha Priya's execution in Yemen

InternationalFighter jet deal with U.S. allies signals regional resistance to China's South China Sea expansion