Afghanistan, Economic, Politics, Social September 13, 2021

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UN warns of impact of freezing of the reserves of Central Bank of Afghanistan

Central Bank of Afghanistan 550x295 - UN warns of impact of freezing of the reserves of Central Bank of Afghanistan

Ariana News Agency: The United Nations has warned of the consequences of freezing the Central bank’s reserves and its impact on Afghanistan’s economy, and has called for the release of the assets.

While most of the central bank’s reserves of about $ 10 billion are still frozen abroad, the United Nations has warned of the consequences of the blockade and its impact on Afghanistan’s economy, and has called for the release of the assets.

The United Nations has warned that the freezing of billions of dollars in Afghan assets could lead to a severe economic downturn in the country and plunge millions of Afghans into poverty and hunger.

The UN special envoy for Afghanistan told the Security Council that the property should be handed over to Afghanistan as soon as possible to prevent a complete economic collapse. He stressed the need for guarantees to ensure that the Taliban did not misuse the property.

The International Monetary Fund (IMF) has barred the Taliban from accessing about $ 440 million in new reserves. Most of the Central Bank of Afghanistan’s reserves, amounting to about $ 10 billion, are still blocked abroad.

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