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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.
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SAARC failure pushes Pakistan toward trilateral ties with Afghanistan, China, Bangladesh: Dar
Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar has said that the failure of the South Asian Association for Regional Cooperation (SAARC) is pushing Pakistan toward exploring trilateral cooperation frameworks involving Afghanistan, China, and Bangladesh.
Speaking at the South Asian Federation of Accountants (SAFA) Conference in Lahore on Friday, Dar said SAARC has “unfortunately not been able to kick off,” limiting regional economic integration and cooperation.
He said Pakistan is now looking at alternative regional arrangements to strengthen economic connectivity and trade, including trilateral formats such as China–Pakistan–Afghanistan and China–Pakistan–Bangladesh.
Dar stressed that South Asia cannot remain in “isolation,” noting that the region, home to nearly two billion people, is missing significant economic opportunities due to weak cooperation among neighbouring countries.
The South Asian Association for Regional Cooperation (SAARC) was established in 1985 to promote economic and regional integration among South Asian countries, including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
The organisation was designed to encourage cooperation in areas such as trade, development, education, and cultural exchange. However, in recent years, SAARC’s effectiveness has been significantly limited due to political tensions between member states, particularly between India and Pakistan, leading to stalled summits and reduced regional engagement.
As a result, regional economic cooperation in South Asia has largely remained underdeveloped compared to other regional blocs around the world.
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IEA leaders contact Maulana Fazlur Rehman to express condolences over Sheikh Idris’s death
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Former US officials urge halt to plan relocating Afghan refugees from Qatar to Congo
Hundreds of former U.S. officials are calling on Washington to cancel a reported plan to relocate Afghan refugees from Qatar to the Democratic Republic of the Congo.
In an open letter addressed to the U.S. State Department, more than 600 former civilian and military officials, along with around 100 organizations, urged the administration to stop the proposed transfer. The letter was sent to Marco Rubio.
The signatories argue that the Afghan nationals in question were brought to Qatar by the United States to complete legal immigration procedures after undergoing extensive security vetting. The letter states that while the individuals were cleared for resettlement in the United States, they are now being considered for relocation to Congo, a country for which they were never screened.
“Those individuals were vetted and approved for the United States, not for the Democratic Republic of the Congo,” the letter reads.
According to the report, more than 1,100 Afghan allies and their family members are currently being held at Camp As Sayliyah in Qatar under U.S. supervision. Around 800 of them have already completed all security checks and received authorization to travel to the United States. More than half are women and children, and many have remained in transit limbo for over 15 months.
The situation has drawn criticism from former officials and policy observers, who describe the proposed relocation as a betrayal of Afghan allies who supported U.S. missions and risked their lives during the war in Afghanistan. Critics also warn that the move could damage U.S. credibility with future partners.
Several members of the U.S. Congress had previously expressed opposition to the proposal, cautioning that it could significantly undermine trust in the United States among its allies.
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