Connect with us

Hi, what are you looking for?

UnpluggedTV

World

U.S. says banks can transfer money to Afghanistan

FILE PHOTO: A displaced Afghan woman holds her child as she waits with other women to receive aid supply outside an UNCHR distribution center on the outskirts of Kabul, Afghanistan October 28, 2021. REUTERS/Zohra Bensemra

The U.S. stated on Wednesday that international banks can transfer money to Afghanistan for humanitarian purposes, and aid groups can pay teachers and healthcare personnel at state-run institutions without risk of violating Taliban prohibitions.

The news: The U.S. Treasury Department provided clarification on sanctions exemptions granted in September and December for humanitarian work in Afghanistan, where the UN estimates that more than half of the country’s 39 million people are hungry, and the economy, education, and social services are all on the verge of collapse.

  • Last week, United Nations Secretary-General Antonio Guterres warned that Afghanistan was “hanging on a thread.”
  • In August, the Taliban, which has long been designated as a terrorist organisation by the U.S., overthrew Afghanistan’s internationally supported government. To prevent it from coming into Taliban hands, billions of dollars in Afghan central bank reserves and international development funding were blocked.

What’s going on: International banks are cautious of Afghanistan, and the UN and aid organisations are having difficulty getting enough money into the country to fund their operations.

  • Banks can execute humanitarian transactions including clearing, settlement, and transfers through, to, or otherwise involving privately owned and state-owned Afghan depository institutions, according to the U.S. Treasury.
  • It also outlined permissible transactions involving the Taliban, which includes the Haqqani Network, which is also on the blacklist. Signing agreements to offer direct help to Afghans, general aid coordination, including import administration, and sharing office space are among them.
  • Aid organisations are also permitted to ship cash to Afghanistan for humanitarian purposes, as well as provide direct payments to healthcare staff and teachers at public hospitals and schools, according to the statement.
Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Latest

India

New Delhi, Sept 29- According to data updated on Thursday by the Union Health Ministry, 4,272 new instances of infections have been registered throughout...

India

J&K, Sept 29 – Two people were injured in two bombs that occurred within eight hours in the Udhampur district of Jammu and Kashmir...

India

Karnataka, Sept 28 – The Narcotics Wing of the Central Crime Branch (CCB) broke an inter-state narcotics conspiracy on Tuesday, arresting five people-four women...

India

New Delhi, Sept 28- India observed a modest increase in the number of Covid-19 cases in the country, reporting 3,615 instances on Wednesday. The...

India

New Delhi, Sept 28- Considering the decline in the number of theaters in India and to prevent its complete closure, the Ministry of Information...

India

New Delhi, Sept 28– The Popular Front of India (PFI) and any of its affiliates, allies, or fronts have been declared illegal associations by...

You May Also Like

States

The structure will be built for a Public Health Centre (PHC), which will be the sole government health facility near the crash site. The...

Entertainment

It appears that Twitter is full of like-minded people who have had similar ideas regarding marriage, particularly arranged marriage. And they’ve developed a hilarious...

World

Microsoft Corp. Chief Executive Officer Satya Nadella’s son Zain Nadella, died Monday morning.  The news: Zain was 26 years old and had been born...

commentary

According to a tweet from the UK Ministry of Defence, the Russian Ministry of Defense confirmed the use of its TOS-1A weapon system in...