MONITORING (SW) – In an open letter to the US President Joe Biden, a member of the Supreme Council of the Da Afghanistan Bank has called for releasing the country’s frozen state reserves.
Shah Mohammad Mehrabi, the DAB Supreme Council member said he had written the letter, not as an official from the central bank, but as an Afghan citizen in a bid to help improve the value of the Afghan currency in the wake of rapid deprivation.
Shah Mohammad Mehrabi has said that if the United States does not release all of about $ 10 billion assets, it should at least release up to $ 200 million to preserve the afghani’s value.
According to the member of the Supreme Council of the DAB, most of the money, which is more than $ 7 billion, is kept in the United States and the rest in some European banks. Mehrabi also said that the Washington need not to worry about utilization of this money, because the control tool remains under the US and it can control it anyway.
However, some analysts believe that the United States will not release the frozen money of Afghanistan until the conditions are met.
Analyst Shahab Ali Shahab says that even if the United States releases $ 200 million or $ 150 million, the afghani currency will not be stable and such efforts will be in vain.
Saifuddin Seyhoun, an economist, says that given the actions of the Islamic Emirate, it is not possible for the United States to release frozen money in its current state. According to Seyhoun, there are special conditions for lifting the sanctions, and it is not possible to release the money until all legal steps are taken.
Earlier, Acting Foreign Minister Amir Khan Muttaqi had sent a letter to the US government requesting the release of the blocked assets.
Mullah Abdul Ghani Baradar, the first deputy prime minister of the Islamic Emirate, has also demanded the release of the money. But, White House spokesman Jen Saki recently said the money would not be released unless the Islamic Emirate responded to international demands in practice.
ENDS
