The Afghan Foreign Ministry considered that “spending the reserves of the National Bank without the presence of a representative of the Afghan government is contrary to international standards,” stating that it “does not accept Washington’s decision to transfer frozen Afghan funds to a Swiss bank.”

Earlier, the United States, through the Treasury and State Departments and in coordination with its international partners, including the Swiss government and Afghan economic experts, announced the creation of a fund for the benefit of the Afghan people called the Afghan Fund. ”

The State Department statement said that “The United States remains committed to supporting the Afghan people amid economic and humanitarian crises,” noting that “President Biden, through Executive Order 14064, has established a policy to allow the use of the reserves of the Central Bank of Afghanistan for He added:” The Afghan Fund will protect and support the $3.5 billion Afghan reserves of the Afghan economy.”

In this context, he emphasized that “the Taliban is not a member of the Afghan Fund and credible measures have been taken to prevent the funds from being used in illegal activities”, noting that “The Afghan Fund will maintain its account with the Bank for International Settlements in Switzerland, which is a financial institution. An international provider of a range of financial services, including banking services to central banks, monetary authorities and international financial accounts in accordance with the requirements of Swiss law.