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Audit fails to win U.S. backing for release of Afghan central-bank funds

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A U.S. funded audit of Afghanistan’s Islamic Emirate-run central bank has failed to win Washington’s backing for a return of bank assets from a $3.5 billion Swiss-based trust fund, said two U.S. officials and a former U.S. official, a move that would help ease the country’s financial crisis, Reuters reported.

The audit has not changed the U.S. Treasury’s view that the bank must make reforms before the department will support disbursements from the Afghan Fund to Da Afghanistan Bank (DAB), said a U.S. Treasury official on condition of anonymity.

The Swiss-based Afghan Fund was set up last year with half of about $7 billion in central bank funds that were frozen in the Federal Reserve Bank of New York in August 2021 after IEA took control of the country as the last foreign forces withdrew following two decades of war.

DAB must show that it is free “from political influence and interference,” said the Treasury official, referring to the need for professional bankers to replace the three IEA officials who oversee the bank and are under U.S. and U.N. sanctions.

It also must prove that it has “adequate” controls against money-laundering and terrorism financing and install a “reputable” independent monitor, said the Treasury official.

“Our assessment of DAB remains unchanged,” said one of the U.S. officials. Reuters quoted the two officials and the former U.S. official, who has knowledge of the U.S. position, spoke on condition of anonymity because of the confidentiality of the matter.

The IEA administration spokesman and a spokesperson for the Afghan central bank did not respond to request for comment.

Concerns in Washington and other capitals about the bank’s leadership and anti-money laundering safeguards are at the heart of a standoff over the IEA’s demand for the return of DAB cash frozen in the United States and other countries after the Islamic Emirate return.

Because the four-member board that oversees the trust fund must approve disbursements unanimously, the support of its U.S. government representative is essential.

Afghanistan remains mired in grave humanitarian and economic crises that some experts say has been worsened by U.S. restrictions hampering DAB’s ability to perform key central bank functions, such as ensuring stable exchange rates and prices, read the report.

The audit, funded by the U.S. Agency for International Development (USAID) and conducted by an outside contractor, examined DAB’s controls against money laundering and terrorism financing, and its banking oversight and payments departments, according to an April report by the U.S. Special Inspector General for Afghanistan Reconstruction (SIGAR).

The findings have not been made public, Reuters reported.

Calling the audit, a “preliminary assessment,” the Treasury official said its “limitations” suggested that “more comprehensive third-party assessment efforts may be needed.”

Shah Mehrabi, an Afghan-American economics professor who is on DAB’s governing board and co-chairs the Afghan Fund board, said the audit – which he has not seen – was completed in March and currently is with the State Department.

The State Department declined to comment.

Mehrabi and his co-chair, Anwar ul-Haq Ahady, a former DAB governor and former finance minister, told Reuters that they would consider the findings once they are available.

Mehrabi said use of the Afghan Fund’s assets should focus on stabilizing prices and ensuring banks had enough liquidity, as the entire financial system was at risk from declining foreign donor funds to Afghanistan.

The other $3.5 billion in DAB assets frozen in US is being sought in lawsuits against the IEA brought by families of victims of the Sept. 11, 2001, attacks on the United States. A U.S. judge in February ruled against the plaintiffs who are appealing.

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Nearly seven million Afghan refugees return home since Islamic Emirate’s takeover

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Since the Islamic Emirate came to power, approximately 6.8 million Afghans have returned home, either voluntarily or forcibly, from neighboring countries and other nations, according to the Minister of Refugees and Repatriation.

Mawlawi Abdul Kabir, speaking at a meeting on finalizing a draft plan for a permanent migration solution in Afghanistan, added that 1.3 million Afghans have been internally displaced due to natural disasters during the same period.

With winter approaching, widespread poverty and severe cold are threatening thousands of lives. Meanwhile, the forced expulsion of Afghan migrants from neighboring countries, particularly Iran and Pakistan, continues.

The Islamic Emirate has repeatedly urged neighboring states to allow migrants to return voluntarily. According to UNHCR, over two million Afghans have returned from Iran and Pakistan since the start of 2025.

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Only one of three Afghan suspects was on US terror watch list of 18,000

The Office of the Director of National Intelligence has identified nearly 2,000 Afghans with suspected terror ties and continues to share intelligence with law enforcement agencies.

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U.S. authorities are reviewing a classified terror watch list of about 18,000 people after it emerged that only one of three Afghan nationals arrested in recent high-profile cases was on the list, the New York Post reported, citing an intelligence source.

According to the NY Post, the revelation has raised concerns that some suspects may have been radicalized after arriving in the United States. The issue gained renewed attention following last month’s shooting of National Guard members in Washington, DC.

National Counterterrorism Center Director Joe Kent told lawmakers at a December 11 hearing that around 18,000 known or suspected terrorists entered the U.S. over a four-year period under the previous administration. Since then, officials have been combing through the database to assess potential threats and examine how certain individuals were admitted into the country.

Jaan Shah Safi was the only one of three recently arrested Afghan nationals listed in the Terrorist Identities Datamart Environment (TIDE), the U.S. government’s central terror database. Safi, who arrived in the U.S. in 2021 under Operation Allies Welcome, is accused of providing weapons and other support to ISIS-K. U.S. officials say he remains in ICE custody pending removal proceedings.

The other two suspects — Rahmanullah Lakanwal, charged with killing a National Guard member in Washington, and Mohammad Dawood Alokozay of Texas, accused of threatening a suicide attack — were not on the watch list, according to the Post. Intelligence officials cited in the report said this suggests they may have been radicalized after entering the United States.

The Post said the Office of the Director of National Intelligence has identified nearly 2,000 Afghans with suspected terror ties and continues to share intelligence with law enforcement agencies.

The issue has reignited debate over the vetting process used during the rapid evacuation of Afghans in 2021, when more than 100,000 people were brought to the United States.

Lawmakers and officials quoted by the New York Post called for closer scrutiny of those admitted during that period, amid growing political and public concern over national security and immigration policy.

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Afghanistan signs 30-year deal for marble mining in Daikundi

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The Ministry of Mines and Petroleum of Afghanistan has signed a 30-year agreement with a private company to extract marble in Daikundi province.

Under the contract, the company will invest AFN 283 million in exploring and mining marble at the “Mesh-Uliya” site, spanning 16.74 square kilometers in central Daikundi.

Hedayatullah Badri, Minister of Mines and Petroleum, stated that the marble will be processed domestically before being exported abroad. He added that the Mesh-Uliya project is expected to create around 200 jobs, and the company is committed to supporting local communities through social initiatives.

Economic experts highlight that such investments, especially those focusing on domestic processing, are crucial for job creation, boosting exports, and strengthening the national economy. Analysts further note that the project will improve local infrastructure, expand social services, and enhance the economic and social well-being of Daikundi residents.

Since the return of the Islamic Emirate to power, efforts to develop Afghanistan’s mining sector have intensified, with multiple contracts signed in areas including cement, copper, iron, and lapis lazuli, involving both domestic and international companies.

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