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Afghanistan Trust Fund in Switzerland Reports Earning $337M in Interest

Officials of the Afghanistan Trust Fund in Switzerland say that the fund has gained $337 million in interest since its establishment.

A member of the fund's board emphasized that the trust fund operates independently, with the aim of maintaining currency value stability, price stability, and financial sector stability.

Shah Mohammad Mehrabi, board member of the Afghan Trust Fund in Switzerland, said: " The fund operates independently with the purpose of receiving, protecting, preserving and dispersing assets for the benefits of the Afghan people. Its goals include foreign exchange rate and price stabilization with the primary objective being the stabilization of the financial sector. It is not designed or intended for humanitarian purposes."

The Ministry of Economy once again called on the international community to release Afghanistan's frozen assets.

Abdul Latif Nazari, Deputy Minister of Economy, said: "All of Afghanistan's assets that are frozen and blocked abroad are the legitimate and logical right of the Afghan people. Therefore, we demand that these funds be returned to the Afghan people and the Islamic Emirate as soon as possible so that they can be used for the economic growth and development of the country."

Sakhi Ahmad Peyman, the First Deputy of the Chamber of Industries and Mines, said: "I hope the international community will lift these economic pressures so that the benefits can reach the Afghan people. For example, if the private sector could use these funds, it would help the economy, create job opportunities, and alleviate poverty."

After the political developments in August 2021 in the country, over $9 billion of the country’s assets were frozen in US and European banks, of which $3.5 billion were transferred to the trust fund, but the fate of the remaining $6 billion in assets is still unclear.

Afghanistan Trust Fund in Switzerland Reports Earning $337M in Interest

The Ministry of Economy once again called on the international community to release Afghanistan's frozen assets.

تصویر بندانگشتی

Officials of the Afghanistan Trust Fund in Switzerland say that the fund has gained $337 million in interest since its establishment.

A member of the fund's board emphasized that the trust fund operates independently, with the aim of maintaining currency value stability, price stability, and financial sector stability.

Shah Mohammad Mehrabi, board member of the Afghan Trust Fund in Switzerland, said: " The fund operates independently with the purpose of receiving, protecting, preserving and dispersing assets for the benefits of the Afghan people. Its goals include foreign exchange rate and price stabilization with the primary objective being the stabilization of the financial sector. It is not designed or intended for humanitarian purposes."

The Ministry of Economy once again called on the international community to release Afghanistan's frozen assets.

Abdul Latif Nazari, Deputy Minister of Economy, said: "All of Afghanistan's assets that are frozen and blocked abroad are the legitimate and logical right of the Afghan people. Therefore, we demand that these funds be returned to the Afghan people and the Islamic Emirate as soon as possible so that they can be used for the economic growth and development of the country."

Sakhi Ahmad Peyman, the First Deputy of the Chamber of Industries and Mines, said: "I hope the international community will lift these economic pressures so that the benefits can reach the Afghan people. For example, if the private sector could use these funds, it would help the economy, create job opportunities, and alleviate poverty."

After the political developments in August 2021 in the country, over $9 billion of the country’s assets were frozen in US and European banks, of which $3.5 billion were transferred to the trust fund, but the fate of the remaining $6 billion in assets is still unclear.

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