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Saturday, 12 February 2022 (YJC)_ Human Rights Watch criticized Biden's decision to block the 7 billion dollar capital of the Central Bank of Afghanistan and said that the US President is seeking to seize the country's assets.
Human Rights Watch has criticized US President Joe Biden for ordering the allocation of $ 3.5 billion in central bank reserves to the families of 9/11 victims, saying the president is seeking to seize Afghanistan's assets.
According to Biden, of the $ 7 billion in foreign exchange reserves in Afghanistan that were frozen after a Taliban operation in a bank in New York, $ 3.5 billion will be transferred to a safe deposit box and another $ 3.5 billion will go to the victims' families.
Human Rights Watch added that the implementation of this decision would create a problematic record for wealth control.
A statement from the watchdog said that allocating $ 3.5 billion in humanitarian aid to Afghanistan may seem generous, but it should be borne in mind that a total of $ 7 billion has already been legally allocated to the Afghan people.
Human Rights Watch also said that continued efforts by the United Nations and humanitarian organizations to persuade the United States and the World Bank to reduce economic constraints to stabilize Afghanistan's economy, which is close to complete collapse, are crucial to addressing the current crisis in Afghanistan.
According to the agency, the current restrictions on Afghanistan's banking system are leading the country to starvation, with 90% of the Afghan population suffering from food insecurity.
This institution has emphasized:
Reducing Afghanistan's economic crisis ultimately requires allowing the Afghan central bank to trade in dollars using the international banking system, and this requires providing some foreign exchange assets to the bank as collateral to "settle" dollar-denominated electronic transactions.
Human Rights Watch added that the World Bank could request that all banking transactions be monitored by independent auditors to address concerns that the central bank's funding could enrich the Taliban.
When the Afghan government fell, more than $ 7 billion in US central bank assets were frozen as deposits with the Federal Reserve in New York.
The Taliban say the money belongs to the Afghan people; But a group of relatives of the 9/11 victims demanded the blocked money as compensation.
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