US Decision to Control Billions of Afghan Assets Prompts Backlash

Published February 13th, 2022 - 08:50 GMT
US Decision to Control Billions of Afghan Assets Prompts Backlash
Joe Biden signed an Executive Order announcing the US decision regarding $7.1 billions of the Afghan Central Bank money. (Albawaba)

An executive order signed by US President Joe Biden last Friday has stirred strong reactions in different parts of the world after his administration decided to take over $7.1 billion of Afghan frozen assets and put plans to spend it, effectively depriving the country on the brink of famine of the many billions it once owned.

Even though the announcement published online by the White House repeatedly expressed American "intentions to help the people of Afghanistan," it still generated angry reactions by Afghans in and outside of the country.

Calling the US move "theft," many Afghans took to online platforms to protest the US decision, perceiving it as "an illegal attempt to steal Afghan money" when it is much needed by millions of people who unwillingly live under the Taliban's control" since August 2021.

The White House announcement explained that the $7.1 billion which has been frozen since the Taliban took over Afghanistan last August will be split into two major payments, "$3.5 billion of those assets for the benefit of the Afghan people and for Afghanistan’s future pending a judicial decision."

Meanwhile, it also stressed that Biden's executive order will facilitate access to another $3.5 billion assets that "would remain in the United States and are subject to ongoing litigation by U.S. victims of terrorism."

Online people attempted to remind the US administration that the peace agreement between the US and the Taliban in February 2020 facilitated the group's return to the country which they took full control of in August 2021.

Some Afghan users also highlighted the many economic troubles facing Afghans who could not leave the wake of the Taliban's control six months ago, especially as warnings have been on the rise that the country could soon face the danger of an economic collapse that could starve its near 40 million people.

Amongst the most prominent critics of the US decision is the former president of Afghanistan Hamid Karzai, who was the first one to head the country after the US-led invasion in 2001. 

Karzai who remained in Kabul following the Taliban's sudden rise to power, addressed the US saying that the Afghan people should not be punished since they are victims of terrorism just as the victims of 9/11. Karzai called on Joe Biden to reconsider his decision calling the assets controlled by the US "the property of the Afghan people." 

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