U.S. to Move Afghanistan’s Frozen Central Bank Reserves to New Swiss Fund

U.S. to Move Afghanistan’s Frozen Central Bank Reserves to New Swiss Fund

 

For almost seven months, Afghan central bank reserves frozen by the United States and set aside to somehow help the Afghan people, have sat, immobilized. Now those funds — $3.5 billion — are at long last on the move. On September 14, the U.S. and Swiss governments unveiled the “Fund for the Afghan People” as a Geneva-based foundation with its account at the Bank for International Settlements. The Fund will preserve, protect and selectively disburse this money. With this major policy step accomplished, new questions arise: What do these developments mean, what are realistic expectations for the reserves, and what needs to happen next?

 

U.S. to Move Afghanistan’s Frozen Central Bank Reserves to New Swiss Fund | United States Institute of Peace (usip.org)

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