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Afghan central bank board member asks Biden, IMF to release funds

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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, Malaysian PMs discuss situation between Kabul and Islamabad

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Mullah Mohammad Hassan Akhund, Prime Minister of the Islamic Emirate, in a telephone conversation initiated by Mohammad Anwar Ibrahim, Prime Minister of Malaysia, discussed regional developments, particularly the recent situation between Pakistan and Afghanistan.

Zabihullah Mujahid, spokesperson for the Islamic Emirate, said in a statement that Hassan Akhund stated during the call that the Islamic Emirate of Afghanistan’s principled position is clear and that it believes in resolving issues through mutual understanding and cooperation.

Hassan Akhund added that during Eid al-Fitr, at the request of Saudi Arabia, Turkey, and Qatar, the Islamic Emirate demonstrated its goodwill by respecting a pause in defensive operations.

He stated that violence benefits no party and that actions that increase tensions should be avoided, emphasizing that wisdom and rationality must guide efforts to resolve problems.

He also expressed concern over rising regional tensions following the US and Israeli attacks on Iran.

The Malaysian Prime Minister also expressed concern about the regional situation and hoped that the temporary halt in hostilities between Afghanistan and Pakistan would continue, and that existing problems could be resolved through sincere negotiations and understanding.

He added that Malaysia aims to play a positive role in facilitating understanding between both parties.

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Iranian naval commander Alireza Tangsiri killed in airstrike, says Israel

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Israel’s defence minister says that an Israeli air strike has killed Alireza Tangsiri, commander of the Iranian Revolutionary Guards’ navy.

The killing was carried out “last night, in a precise and lethal operation” and targeted other “senior officers of the naval command”, said Israel Katz, in a video statement.

“The man who was directly responsible for the terrorist operation of mining and blocking the Strait of Hormuz to shipping was blown up and eliminated,” he claimed.

Since the start of the joint US-Israeli war on Iran on February 28, Israel has announced the assassination of several top Iranian officials, including Supreme Leader Ali Khamenei and the Islamic Republic ‘s powerful security chief, Ali Larijani.

Al Jazeera’s Tohid Asadi, reporting from Tehran, said there was no official Iranian confirmation yet of Tangsiri’s killing.

“But if it’s true it’s going to be another major blow for a country that has already experienced a lot of military commanders being killed” since the war began, he said.

The head of the Basij paramilitary forces, Brigadier General Gholamreza Soleimani, and Intelligence Minister Esmail Khatib were also assassinated in Israeli attacks.

Moreover, in recent days, Israeli forces have carried out several strikes targeting the naval assets of Iran.

Last week, Israeli airstrikes hit several Iranian naval ships in the Caspian Sea, including ones equipped with missile systems, support vessels, and patrol craft.

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Tajikistan shifts stance on Afghanistan amid rising border tensions

Earlier this month, Tajik lawmakers approved a $57 million deal for China to finance and build nine new border posts, underscoring Beijing’s expanding role in regional security.

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A surge in violence along the Tajikistan–Afghanistan border is prompting Tajikistan to recalibrate its policy toward Afghanistan, combining tighter security measures with cautious diplomatic engagement.

Earlier this month, Tajik lawmakers approved a $57 million deal for China to finance and build nine new border posts, underscoring Beijing’s expanding role in regional security.

The move follows a series of deadly incidents, including attacks that killed five Chinese nationals and clashes with smugglers that left several Afghan civilians and Tajik guards dead.

The violence reflects growing instability along the rugged frontier, much of it tracing the Panj River, with armed incidents rising sharply and drug seizures increasing significantly, according to Tajik authorities.

Alongside bolstering border infrastructure, Dushanbe is stepping up engagement with the Islamic Emirate. Recent months have seen unprecedented high-level contacts, including calls and meetings between Amir Khan Muttaqi and Sirojiddin Muhriddin, as well as talks with Tajik envoy Sadi Sharifi.

Once a staunch critic of the Islamic Emirate, Tajikistan’s President Emomali Rahmon’s government is gradually adopting a more pragmatic approach. Since the reopening of border markets in 2023, trade and security contacts have quietly expanded, with officials now openly acknowledging cooperation on energy and border security.

Analysts say the shift reflects a mix of rising security threats, regional pressure from partners like China and Russia, and the reality that the Islamic Emirate remain firmly in control in Kabul. While China funds infrastructure and Russia continues to support military training, experts describe the arrangement as a “division of labor” rather than a shift in regional influence.

Despite lingering concerns, observers note a clear warming in ties between Dushanbe and Kabul, driven as much by necessity as by strategy.

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