Afghanistan

Da Afghanistan Bank on Wednesday welcomed the decision of a US District Court decision not to use $3.5 billion of Afghanistan&s frozen assets to pay compensation to the victims of 9/11. &Afghanistan&s foreign exchange reserves are assets of Afghans, which are used according to the law for the purpose of monetary stability, strengthening the financial system - facilitating trade with the world,& DAB said in a statement Wednesday. &The people of Afghanistan want the restrictions imposed on the country&s foreign exchange reserves to be completely removed so that the suffering people can be freed from psycho-economic problems,& DAB said.  &Da Afghanistan Bank & is ready to cooperate comprehensively with the countries of the world - related organizations to resolve international concerns,& read the statement.  This comes after a US judge decided on Tuesday that victims of the Sept.

11, 2001, attacks are not entitled to seize $3.5 billion of assets belonging to Afghanistan&s central bank to satisfy court judgments they obtained against the Islamic Emirate of Afghanistan (IEA), Reuters reported. US District Judge George Daniels in Manhattan said he was &constitutionally restrained& from finding that the IEA was Afghanistan&s legitimate government, a precursor for attaching assets belonging to Da Afghanistan Bank, or DAB. Daniels said letting victims seize those assets would amount to a ruling that the IEA are Afghanistan&s legitimate government. He said US courts lack power to reach that conclusion, noting that the Biden administration does not recognize the IEA as Afghanistan&s government, read the report. &The judgment creditors are entitled to collect on their default judgments and be made whole for the worst terrorist attack in our nation&s history, but they cannot do so with the funds of the central bank of Afghanistan,& Daniels wrote. &The Taliban [Islamic Emirate of Afghanistan] & not the former Islamic Republic of Afghanistan or the Afghan people & must pay for the IEA&s liability in the 9/11 attacks,& he added. Nearly 3,000 people died on Sept.

11, 2001, when planes were flown into New York&s World Trade Center, the Pentagon in northern Virginia, and a Pennsylvania field.The post DAB welcomes US court decision to not use $3.5 billion to pay 9/11 victims  first appeared on Ariana News.





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