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US Extends Afghanistan's 'National Emergency' Status

Joe Biden, the president of the United States, has extended the national emergency status of Afghanistan to prevent the country’s economic collapse.

This status is based on an order that transferred part of Afghanistan's $7 billion frozen assets to a trust fund in Switzerland.

The White House stated that this order will remain in effect even after February 11, 2025, due to the humanitarian crisis and the risk of economic collapse in Afghanistan.

The White House statement reads: "The widespread humanitarian crisis in Afghanistan — including the urgent needs of the people of Afghanistan for food security, livelihoods support, water, sanitation, health, hygiene, and shelter and settlement assistance, among other basic human needs — and the potential for a deepening economic collapse in Afghanistan continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States."

"Biden's statement essentially confirms the continuation of Afghanistan's state of emergency. This means that in addition to Afghanistan's assets being frozen, part of these assets remain in the US and another part in Switzerland, both under US supervision," said Sayed Masood, an economic analyst.

Meanwhile, the Islamic Emirate's Ministry of Economy has called on the international community to release all frozen assets and return them to Afghanistan's central bank.

Abdul Latif Nazari, the deputy minister of economy, stated: "Afghanistan's frozen funds must be released. These assets belong to the people of Afghanistan, and any barriers or restrictions to their release contradict international law."

"The higher the foreign reserves and monetary backing of a country, the greater the value of its currency. Since Afghanistan's assets are frozen, major transactions and economic stability are facing challenges," said Mir Shakir Yaqoobi, an economic analyst.

It is worth mentioning that after the Islamic Emirate came to power on August 15, 2021, around $7 billion of Afghanistan's assets were frozen by the US, while over $2 billion were frozen by European countries.

US Extends Afghanistan's 'National Emergency' Status

This status is based on an order that transferred part of Afghanistan's $7 billion frozen assets to a trust fund in Switzerland.

تصویر بندانگشتی

Joe Biden, the president of the United States, has extended the national emergency status of Afghanistan to prevent the country’s economic collapse.

This status is based on an order that transferred part of Afghanistan's $7 billion frozen assets to a trust fund in Switzerland.

The White House stated that this order will remain in effect even after February 11, 2025, due to the humanitarian crisis and the risk of economic collapse in Afghanistan.

The White House statement reads: "The widespread humanitarian crisis in Afghanistan — including the urgent needs of the people of Afghanistan for food security, livelihoods support, water, sanitation, health, hygiene, and shelter and settlement assistance, among other basic human needs — and the potential for a deepening economic collapse in Afghanistan continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States."

"Biden's statement essentially confirms the continuation of Afghanistan's state of emergency. This means that in addition to Afghanistan's assets being frozen, part of these assets remain in the US and another part in Switzerland, both under US supervision," said Sayed Masood, an economic analyst.

Meanwhile, the Islamic Emirate's Ministry of Economy has called on the international community to release all frozen assets and return them to Afghanistan's central bank.

Abdul Latif Nazari, the deputy minister of economy, stated: "Afghanistan's frozen funds must be released. These assets belong to the people of Afghanistan, and any barriers or restrictions to their release contradict international law."

"The higher the foreign reserves and monetary backing of a country, the greater the value of its currency. Since Afghanistan's assets are frozen, major transactions and economic stability are facing challenges," said Mir Shakir Yaqoobi, an economic analyst.

It is worth mentioning that after the Islamic Emirate came to power on August 15, 2021, around $7 billion of Afghanistan's assets were frozen by the US, while over $2 billion were frozen by European countries.

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