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US Establishes Trust with $3.5B in Frozen Afghan Funds to Skirt Taliban
[Khaama (Afghanistan)] The Biden administration moved Wednesday to establish a foundation for managing $3.5 billion in frozen Afghan funds, according to sources, skirting Taliban...Arabic for students... in their efforts to having hands on what is known to be the last shot to stabilize country’s economy. This came a month after, United States President Joe The Big GuyBiden  ...46th president of the U.S. We hold these truths to be self-evident. All men and women created ... by the — you know — you know, the thing... ’s administration said it will press ahead with talks on releasing billions of dollars in Afghanistan’s foreign-held assets, after continued pressures by the international community. With Several international partners, the US government announced the creation of a foundation based in Switzerland ...home of the Helvetians, famous for cheese, watches, yodeling, and William Tell... that will use the money help address the unfolding economic and humanitarian crisis in Afghanistan, where more than half of the population are starving. "Pursuant to Executive Order (E.O.) 14064, President Biden set a policy of enabling $3.5 billion of Afghan central bank reserves to be used for the benefit of the people of Afghanistan while keeping them out of the hands of the Taliban and other malign actors," said US Treasury department in statement. "The Afghan Fund will protect, preserve, and make targeted disbursements of that $3.5 billion to help provide greater stability to the Afghan economy," the statement further said. Posted by: Fred 2022-09-17 |
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