Afghanistan: Taliban govt calls for unfreezing Afghan assets abroad

KABUL, 30 October 2021, (TON): Afghanistan's Taliban government is pressing for the release of billions of dollars of central bank reserves as the drought-stricken nation faces a cash crunch, mass starvation and a new migration crisis.

Afghanistan parked billions of dollars in assets overseas with the US Federal Reserve and other central banks in Europe, but that money has been frozen since the Taliban ousted the Western-backed government in August.

A spokesperson for the finance ministry said the government would respect human rights, including the education of women, as he sought fresh funds on top of humanitarian aid that he said offered only "small relief".

Under Taliban rule from 1996-2001, women were largely shut out of paid employment and education and normally had to cover their faces and be accompanied by a male relative when they left home.

Ministry spokesperson Ahmad Wali Haqmal told media “the money belongs to the Afghan nation. Just give us our own money.”

"Freezing this money is unethical and is against all international laws and values."

One of the top central bank officials called on European countries including Germany to release their share of the reserves to avoid an economic collapse that could trigger mass migration towards Europe.

Shah Mehrabi, a board member of the Afghan Central Bank, told media “the situation is desperate and the amount of cash is dwindling.”

"There is enough right now ... to keep Afghanistan going until the end of the year.

Mehrab said “Europe is going to be affected most severely, if Afghanistan does not get access to this money.”

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