Tuesday, September 26, 2023

Amount of Cash Aid to Afghanistan Surpasses $1 Billion 33 Million

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

According to the Taliban-run Central Bank of Afghanistan, a cash package containing $40 million arrived in Kabul on Tuesday, August 2, as part of continuous humanitarian assistance from the international community.

The aid shipment, which arrived in Kabul today, was placed at one of the commercial banks, while a shipment totaling $40 million was handed to a commercial bank in Kabul two days ago.

The total value of these humanitarian packages delivered to Afghanistan in the last few months surpasses $1 billion 33 million dollars.

There is no information, however, on how these aids are utilized, how much has been used thus far, or for what purposes.

To establish a strong foundation for effective engagement with other states in the region and around the world, the Central Bank of the Taliban’s administration has urged that banking relations with Afghanistan be made easier.

The central bank reiterated its gratitude to the international community for its generous financial assistance.

Afghanistan’s foreign reserves were frozen and its access to international banks was restricted after the Taliban took power.

The national currency of Afghanistan experienced a rapid decrease in value as a result of this limitation, which created a liquidity cash flow crisis.

The Central Bank of the caretaker government of the Taliban, on the other hand, held auctions in late July to sell millions of dollars to retain the Afghani currency’s purchasing power relative to the US dollar.

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