The United States and the Islamic Emirate are Negotiating to Release Afghanistan’s Frozen Foreign Exchange Reserves

These sources told “TRT” that the negotiations are going on to transfer half of these reserves to the Swiss bank.

The plan presented by the US in this regard suggests that 3.5 billion from Afghanistan’s exchange reserves, be transferred to the “Bank for International Settlements” under a third-party monitoring system.

The Bank for International Settlements is an international financial institution that belongs to the central banks of countries.

Sources also added that it is possible that 3.5 billion dollars of Afghanistan’s exchange assets will be released and will be given to this bank in Basel, Switzerland, and a board of international experts has been formed to distribute these funds.

According to this report, the Central Bank of Afghanistan can receive the funds for final use under the supervision of the international board.

According to the report, the Islamic Emirate has accepted the US offer for third-party monitoring of the assets, but wants to retain its authority over how these funds are used.