Cash Package of $40M Arrives in Kabul: Central Bank

HOA
By HOA
2 Min Read

Da Afghanistan Bank (Central Bank) said that a humanitarian cash package of $40 million arrived in Kabul and was handed over to a private bank in the country.

The Central Bank said in a series of tweets that the aid would help the stability of the Afghan currency against foreign currencies.

Speaking at a press conference on Wednesday, the acting Foreign Minister Amir Khan Muttaqi said that the Islamic Emirate is in talks with the US over the release of frozen Afghan assets.

“We are in contact and the teams hold talks whenever needed. We hope to have an improvement in sanctions, the release of Afghan assets, and also improvement in political issues,” he said.

Meanwhile, the Qatar Fund for Development (QFFD) has announced $5 million in aid to the UN Special Trust Fund for Afghanistan.

The aid is to restore “access to basic and essential services, protect livelihoods, and support the local economic recovery for the people of Afghanistan,” the Gulf Time said.

“QFFD’s focus with this initiative is to support the most vulnerable groups with a particular focus on improving women’s conditions and contributing towards their resilience in the face of mounting humanitarian need,” Director General of QFFD Khalifa al-Kuwari was quoted as saying by the Gulf Times.

The Ministry of Economy welcomed the aid provided by the international community to help the Afghan economy.

“This aid will be invested into two parts. One is infrastructural projects such as electricity, reconstruction and development, as well as major economic projects such as mine extraction and industry,” said Abdul Latif Nazari, Deputy Minister of Economy.

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