American Duals; Liberation or confiscation of the property of the Afghan people?
US President Joe Biden issued a special executive order on Friday, local time, for the so-called release of Afghanistan’s frozen assets, in which the property of the Afghan people is being blocked and part of it is being confiscated under other pretexts.
After two decades of occupying Afghanistan and leaving the country in turmoil, which has put the Asian country on the brink of collapse, the US President finally signed a special executive order with international pressure, through which the so-called part of the assets The blocked Central Bank of Afghanistan is released.
Senior US officials announced on Friday that the order would allocate $ 7 billion in frozen assets of the Central Bank of Afghanistan to humanitarian aid in the country as well as to the victims of the 9/11 terrorist attacks.
Afghanistan’s foreign exchange assets were frozen in the United States after the fall of the Kabul central government in August last year. With this decree, only half of Afghanistan’s assets, or about $ 3.5 billion, will now be spent on aid to the country.
According to a White House statement, in order to address the national emergency in Afghanistan, it will release all assets and interests of Bank of Afghanistan DAB held in the United States by any US financial institution, including the Federal Reserve Bank of New York. These assets must be transferred to a consolidated account with the Federal Reserve Bank of New York.
Biden’s executive order states that he and his country are responsible for the unrest in Afghanistan: “Given the widespread humanitarian crisis in Afghanistan, including the urgent needs of the Afghan people for food security, livelihood support, water, health and well-being.” I have declared a national emergency in Afghanistan, shelter and housing, corona-related aid and the growing possibility of economic collapse in Afghanistan. In addition, the Bank of Afghanistan (DAB) specific assets held by US financial institutions in the United States are critical to addressing this national emergency and the well-being of the Afghan people.
