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U.N. has millions in Afghanistan bank, but cannot use it
The United Nations has about $135 million in the bank in Afghanistan but is unable to use it because the Islamic Emirate-run central bank cannot convert it to the afghani currency, a senior U.N. official said on Thursday.
Abdallah al Dardari, head of the U.N. Development Programme in Afghanistan, said the United Nations had taken the U.S. dollars into the country and deposited it with the Afghanistan International Bank “with a clear promise from the central bank that fresh cash will be automatically converted to afghanis.”
“This did not happen,” he told the ACAMS Global Sanctions Space Summit, adding that UNDP itself has “$30 million stuck at AIB that I cannot convert to afghanis and without afghanis as you can imagine, we cannot implement all our programs.”
The Islamic Emirate of Afghanistan (IEA), who seized power in August, banned the use of foreign currency in a country where U.S. dollars were common.
The IEA has long been under international sanctions, which the United Nations and aid groups say are now hindering humanitarian operations in Afghanistan, where more than half the country’s 39 million people suffer extreme hunger and the economy, education and social services face collapse.
Billions of dollars in Afghan central bank reserves and foreign development aid have been frozen to prevent it from falling into IEA hands. International banks are wary of breaching sanctions, leaving the United Nations and aid groups struggling to get enough money into the country.
Liquidity is also a problem. Al Dardari told Reuters in November that while there was about $4 billion worth of afghanis in the economy, only about $500 million worth was in circulation.
The United Nations and the World Bank are discussing a possible swap facility, aid groups and U.N. officials have said.
Al Dardari said on Thursday that this would allow cash for humanitarian operations to be paid into a mechanism abroad and then afghanis could be collected “from major traders and mobile companies from inside Afghanistan.”
He also said lessons could be learned from a program in Myanmar, where electronic payment systems bypassed the central bank. Myanmar’s military have been hit with a raft of sanctions by the United States and others since a coup a year ago.
During Russian President Vladimir Putin’s visit to New Delhi, India and Russia issued a joint statement highlighting their close coordination on Afghanistan. Both sides appreciated the ongoing dialogue between their respective Security Councils and underscored the significance of the Moscow Format meetings in promoting regional stability.
The leaders welcomed counter-terrorism efforts targeting international terrorist groups, including ISIS, ISKP, and their affiliates, expressing confidence in a comprehensive and effective approach to combating terrorism in Afghanistan. They also stressed the urgent need to ensure uninterrupted humanitarian assistance to the Afghan people.
India and Russia have maintained close ties on regional security, particularly concerning developments in Afghanistan following the Islamic Emirate’s return to power in 2021. The Moscow Format, a diplomatic platform including Afghanistan’s neighbors, has played a key role in facilitating dialogue on peace, stability, and counter-terrorism in the region.
Five civilians were killed and five others wounded in firing by Pakistani troops on Spin Boldak district of Kandahar province late on Friday, sources told Ariana News.
The attack comes two days after a new round of peace talks between Afghanistan and Pakistan reportedly ended without a breakthrough, though both sides agreed to continue their fragile ceasefire.
The recent talks in Saudi Arabia were the latest in a series of meetings hosted by Qatar, Turkey and Saudi Arabia aimed at easing tensions after deadly clashes near the Durand Line in October. Dozens were killed in the clashes in October.
Islamabad claims that Afghanistan-based militants carried out the recent attacks in Pakistan. Kabul denies the allegations, saying it cannot be held responsible for security inside Pakistan.
Zabihullah Mujahid, spokesman for the Islamic Emirate, said Afghan forces had responded to the recent Pakistani attacks.
Pakistani Foreign Ministry spokesman Tahir Hussain Andrabi says both Pakistan’s Prime Minister Shehbaz Sharif and Sadyr Japarov, the President of Kyrgyzstan, who visited Islamabad on Thursday, expressed their mutual commitment to a peaceful, stable Afghanistan with a sustainable future for the Afghan people.
Speaking in a press conference on Friday, Andrabi stated that both sides agreed that the Islamic Emirate must fulfill its obligations toward the international community and take concrete steps against terrorist groups to address Pakistan’s legitimate security concerns.
This comes while the Islamic Emirate of Afghanistan has repeatedly emphasized that no terrorist groups operate from Afghan territory and that it will not allow anyone to use Afghan soil against any country.
The Islamic Emirate has also stated that Pakistan’s security concerns are an internal issue of that country, and Pakistan itself must take measures to prevent any security incidents.
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