KABUL, 28 September 2021, (TON): Economists have slammed the US move to freeze Afghanistan’s assets as unfair and politically motivated.

They want the Biden administration to reverse the decision and the new Afghan government to take immediate steps to prevent a looming economic meltdown. The US froze Afghanistan’s over nine billion dollars reserves after the Taliban’s takeover of Kabul on August 15.

The situation deteriorated when Da Afghanistan Bank (DAB) directed local financial institution not to pay a customer more than 20,000 afs a week. Companies have been allowed to withdraw up to $25,000 a month in four phases.

Banking restrictions and declining economic activities have caused problems for ordinary Afghans. Some people rallied in Kabul asking the US to unfreeze Afghanistan’s assets.

An economic faculty teacher at Kardan University, who wished not to be named, told media, the International Monitory Fund (IMF) controls all financial affairs of central banks of member countries.

In difficult economic situations, the teacher added, member countries could borrow money from the IMF and maintain relationships with other nations.