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The Taliban Asked the U.S. to Release Afghanistan’s Frozen $10 Billion

Well-known Chinese news site Sohu (NASDAQ: SOHU) recently reported that the Afghan media quoted the Acting Minister of the Interior of the Taliban Provisional Government, Haqqani, as saying that the Taliban asked the United States to release Afghanistan’s frozen US$10 billion. Earlier, some news sources reported that the United States had frozen nearly $10 billion in reserve assets in the U.S. bank account of the Central Bank of Afghanistan. In addition, the Taliban also called on the United States to continue to supply Afghanistan with billions of dollars previously promised in aid. In the meantime, the Taliban asked the United States and the United Nations to remove the names of Taliban leaders from the sanctions list. The currently known assets of the Central Bank of Afghanistan include foreign exchange cash reserves, which are largely in U.S. dollars. The amount is around US$362 million. Afghanistan’s gold reserves are valued at about US$1.3 billion. Most of the reserves are stored in the Federal Reserve Bank of New York. The Afghanistan government has other investments worth US$6.1 billion, which are mostly in U.S. long-term Treasury bonds and short-term Treasury bonds.

Source: Sohu, September 9, 2021