Afghanistan’s Frozen Assets in Switzerland Yield $700 Million, Total Value Reaches $4.2 Billion
Dr. Anwarul Haq Ahadi, a member of the Afghan Trust Fund in Switzerland, announced that Afghanistan’s frozen assets in Switzerland have generated $700 million in returns, raising their total value to $4.2 billion. He also reported legal victories in U.S. courts regarding the release of an additional $3.5 billion…
Increase in Afghanistan’s Currency Reserves in Switzerland
Dr. Anwarul Haq Ahadi, former Minister of Finance of Afghanistan and a board member of the Afghan Trust Fund, revealed in an online meeting of Afghan scholars and experts that the Afghan assets deposited in Switzerland have accrued $700 million in profits during this time. He noted that with this added income, the total value of these assets has now reached $4.2 billion.
U.S. Courts on Remaining $3.5 Billion
Ahadi explained that regarding the remaining $3.5 billion of Afghanistan’s currency reserves blocked by the United States, two courts have so far ruled in favor of the Afghan people. He expressed hope that the third and final court will also rule for the release of these assets so that all of Afghanistan’s national wealth remains untouched and secure.
Protection of Assets and Conditions for Returning to the Central Bank
This former economic official emphasized that since the transfer and freezing of these assets, there has been no withdrawal or expenditure of the principal or its earnings. He added that the primary goal is to protect the monetary base and ensure the economic stability of the country, and once the political and legal situation normalizes, these funds will be transferred directly to Da Afghanistan Bank.
Discussion on the Country’s Economic Outlook
These statements were made during an online session titled Economic and Political Situation in Afghanistan: Realities and Future Prospects. The session was attended by a group of analysts and experts to evaluate solutions to financial crises and assess the country’s economic infrastructure.
