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Afghan central bank board member asks Biden, IMF to release funds
A senior board member of Afghanistan’s central bank is urging the US Treasury and the International Monetary Fund to take steps to provide the Taliban-led government limited access to the country’s reserves to avoid economic disaster.
The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that they will get quick access to most of the roughly $10 billion in assets held by Da Afghanistan Bank (DAB), which are mostly outside of the country, Reuters reported.
US President Joe Biden’s administration has said any central bank assets the Afghan government have in the United States will not be made available to the Taliban, and the IMF has said the country will not have access to the lender’s resources.
Shah Mehrabi, an economics professor at Montgomery College in Maryland and a member of the bank’s board since 2002, told Reuters in a telephone interview on Wednesday that Afghanistan faces an “inevitable economic and humanitarian crisis” if its international reserves remain frozen.
Mehrabi stressed he does not speak for the Taliban but is making this push in his capacity as a sitting board member. He said he plans to meet with US lawmakers this week, and hopes to talk to US Treasury officials soon as well.
“If the international community wants to prevent an economic collapse, one way would be to allow Afghanistan to gain limited and monitored access to its reserves,” he told Reuters.
“Having no access will choke off the Afghan economy, and directly hurt the Afghan people, with families pushed further into poverty.”
Mehrabi is proposing that Washington allow the new government in Kabul a limited amount of access each month, perhaps in the range of $100m to $125m to start with, that would be monitored by an independent auditor.
“The Biden administration should negotiate with the Taliban over the money in the same way they negotiated over the evacuation,” he said.
If the assets remain entirely frozen, then inflation will continue to soar, Afghans will not be able to afford basic necessities, and the central bank will lose its main tools for conducting monetary policy, he said.
The Taliban can survive on customs duties, increasing opium production, or selling off captured American military gear, but everyday Afghans will suffer and be solely reliant on international aid if the country does not have access to currency, Mehrabi added.
After nearly 20 years of American intervention, the Afghan economy is heavily dollarised, and depends on imports that largely must be purchased with foreign currency, he said.
With overseas reserves off-limits, Da Afghanistan Bank may be undermined after having cultivated a non-political, technocratic institution that so far has been allowed to continue its work under the Taliban, Mehrabi said.
“Their work there is not based on who is in power,” he said, noting that he has not been personally in touch with Taliban representatives, but is in daily contact with colleagues running operations there now.
Ajmal Ahmady, who led the central bank until the capture of Kabul, has said about $7 billion of DAB’s assets was held as a mixture of cash, gold, bonds and other investments at the US Federal Reserve.
Most of the rest is in other international accounts and at the Bank for International Settlements, a bank for central banks based in Switzerland, and not physically in DAB vaults, he said – leaving about 0.2 percent or less of the total accessible to the Taliban.
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Afghan officials join ICESCO meeting, discuss preservation of Islamic manuscripts
Participants underscored the importance of safeguarding these documents, noting that the focus on Mali reflects the manuscripts’ unique cultural and historical value.
Officials from the Ministry of Information and Culture participated in an online scientific meeting organised by the Islamic World Educational, Scientific and Cultural Organization (ICESCO), focused on the preservation of Islamic manuscripts.
Obaidullah Hanif, Director of the National Archive, and Mohammad Shafiq Ahmadzai, Head of Foreign Relations and Cultural Attachés at the ministry, joined the session held by ICESCO’s Centre for Calligraphy and Manuscripts under the theme “Islamic Manuscripts in the World.”
The meeting examined the condition of Islamic manuscripts in Mali and discussed strategies for their preservation and protection as part of global cultural heritage.
ICESCO representatives highlighted that Mali’s extensive collection of hundreds of thousands of historical manuscripts represents one of the most significant repositories of Islamic civilisation and intellectual history in West Africa.
Participants underscored the importance of safeguarding these documents, noting that the focus on Mali reflects the manuscripts’ unique cultural and historical value.
ICESCO is an intergovernmental organization specializing in the fields of education, science and culture.
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Afghanistan announces over 1,000 education ministry vacancies, prioritises returnees
Officials said the hiring will be conducted transparently, with candidates selected strictly on merit, qualifications, and professional competence.
Afghanistan’s Ministry of Education has announced 1,060 vacant administrative posts across district education departments and regional education zones, to be filled through an open competitive recruitment process.
Officials said the hiring will be conducted transparently, with candidates selected strictly on merit, qualifications, and professional competence. They stressed that ethnic or regional considerations will not play any role in the selection process.
In a related development, Mohammad Zahid Ahmadzai, Deputy Minister of Labour and Social Affairs, said returning refugees will be given priority in employment opportunities. He added that the ministry is working with multiple institutions to broaden job creation across the country.
Education ministry officials noted that the newly advertised posts form part of a revised organisational structure designed to strengthen administrative capacity across 473 districts nationwide.
Rajasthan Royals (RR) bowling coach Shane Bond says his side’s bowlers must start “doing something different” after another disappointing defeat in IPL 2026 left the team slipping down the points table.
RR suffered a heavy loss to Gujarat Titans (GT) on Saturday after conceding more than 200 runs for the fourth straight match. The defeat pushed them down to fifth place with only three league games remaining.
The problems started early when fast bowler Jofra Archer struggled badly in the opening over, needing 11 balls to complete it after bowling a no-ball and several wides. The over cost RR 18 runs and set the tone for another difficult evening.
Former New Zealand pacer Mitchell McClenaghan said Archer appeared rusty after the team’s eight-day break and suggested Jaipur’s pitches are not helping RR’s pace attack.
Bond admitted RR’s bowling has not adapted well enough to the aggressive batting seen throughout this year’s IPL.
“You’ve got to be doing something different,” Bond said after the match. “Batsmen are developing new shots and putting bowlers under pressure, so bowlers also need to develop new skills and new plans.”
He added that bowlers must improve both their decision-making and execution, while using analysts more effectively to study opposition batting patterns.
Despite their recent slump, RR remain in contention for the playoffs, although their form has become a growing concern after a strong start to the season.
Meanwhile, IPL action continues on Sunday with Chennai Super Kings taking on Lucknow Super Giants in the afternoon match, while Royal Challengers Bengaluru face Mumbai Indians in a high-profile evening clash.
Chennai Super Kings will look to revive their inconsistent campaign against a Lucknow side still fighting for a playoff place, while Bengaluru and Mumbai meet in what could prove crucial in the race for the top four.
Both matches will be broadcast live across Afghanistan on Ariana Television Network.
Tahawol: Afghanistan and Uzbekistan’s growing economic ties discussed
Saar: Afghanistan’s relations with the world discussed
Afghan officials join ICESCO meeting, discuss preservation of Islamic manuscripts
Afghanistan announces over 1,000 education ministry vacancies, prioritises returnees
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New Afghanistan-China transport corridor launched via Turkmenistan
Tahawol: Afghanistan and Uzbekistan’s growing economic ties discussed
Saar: Afghanistan’s relations with the world discussed
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