The United States is seeking to free up half of the $7 billion in frozen Afghan central bank assets on U.S. soil to help the Afghan people while holding the rest to possibly satisfy terrorism-related lawsuits against the Taliban, the White House said on Friday. President Joe Biden signed an executive order to deal with… Read More U.S. to free half of $7billion in frozen Afghan funds to curb economic collapse
The Taliban administration said on Tuesday it was expanding its ‘food for work’ program, in which it uses donated wheat to pay thousands of public sector employees instead of cash as a financial crisis intensifies. Wheat, largely donated by India to the previous U.S.-backed Kabul government, is being used to pay 40,000 workers 10kg of… Read More Afghan Taliban expands food payment program as economic crisis intensifies
Afghanistan’s Taliban administration will begin paying the overdue salaries of government workers from Saturday, officials said. Thousands of Afghan government workers are owed at least three months of salary, one of the many crises faced by the Taliban since the Islamist movement took over the country in August. “The finance ministry says that, starting today,… Read More Afghan Taliban to begin payment of overdue salaries of government workers
The Taliban announced a complete ban on the use of foreign currency in Afghanistan on Tuesday, a move sure to cause further disruption to an economy pushed to the brink of collapse by the abrupt withdrawal of international support. The surprise move came hours after at least 25 people were killed and more than 50… Read More Taliban announces ban on use of foreign currency in Afghanistan
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