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U.S. Transfers $3.5B in Frozen Afghan Central Bank Funds to Swiss Trust

HeadlineSep 15, 2022

The Biden administration says it will transfer $3.5 billion in frozen Afghan funds to a trust fund in Switzerland, which will use the money to help stabilize Afghanistan’s economy. This comes just weeks after a federal judge recommended against efforts by victims of the September 11 attacks to seize half of the $7 billion in Afghanistan’s foreign reserves frozen by the U.S. Humanitarian aid groups are calling for all the assets seized by the U.S. to be returned to Afghanistan’s central bank, saying the money is critical to mitigating a humanitarian crisis. The U.N. says some 6 million Afghans are at risk of famine, and more than 95% of the population is not getting enough to eat.

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