US may release frozen Afghan central bank funds – report

Plan would transfer up to $3.5 billion to BIS under third-party supervision, source claims

Da Afghanistan Bank

The US government plans to release $3.5 billion in frozen Afghan central bank funds to the Bank for International Settlements (BIS), a news report has claimed.

US president Joe Biden froze the $7 billion of Da Afghanistan Bank (DAB) assets held in the US after the Taliban regained power in August 2021. The US has not recognised the Taliban as Afghanistan’s government, but it has held talks with the Taliban over unfreezing the assets.

Under the plan, a committee of experts would supervise how

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