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US Will Not Release $3.5 Billion in Frozen Afghan Fundswww.google.com/amp/s/www.nytimes.com/2022/08/15/us/politics/us-afghanistan-funds-taliban.amp.html
31 sats \ 5 comments \ @kilianbuhn 16 Aug 2022 bitcoin
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0 sats \ 2 replies \ @cryptocoin 16 Aug 2022
The funds at issue on Monday are part of a total of $7 billion deposited at the Federal Reserve Bank in New York by the Afghan central bank at the time of the Taliban takeover. Mr. Biden froze the money and decided to split it in half, with one share available to the relatives of Sept. 11 victims to pursue legally and the other to be used to support the needs of the Afghan people, like for humanitarian relief.
The Afghan economy has collapsed in the year since the Taliban takeover, leading to mass starvation and a wave of refugees. In recent days, the United States announced that it would send $80 million to the United Nations Food and Agriculture Organization to help combat hunger in Afghanistan, as well as $40 million to UNICEF to support educating Afghan children, particularly girls, and $30 million to U.N. Women to aid Afghan women and girls seeking social protection services and running civil society organizations.
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0 sats \ 1 reply \ @cryptocoin 16 Aug 2022
If $7B was divided equally among every man, woman and child, they'ld get $175 each.
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0 sats \ 0 replies \ @cryptocoin 16 Aug 2022
For for a family with four children, that's over $1,000.
That would be life-changing money for many of those families if it were distributed as cash (i.e., for deposit at a bank or mattress money, whatever). I have no idea if that gets run through the NGOs/aid providers how much actually gets to the Afghan recipients of the aid, ... I've read as much as 70% of funds for aid in Afghanistan goes to NGO admin and overhead, leaving just 30% in actual aid delivered.
Was $73B of Afghan aid wasted? https://www.politico.com/story/2012/01/was-73-billion-of-afghan-aid-wasted-071314
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0 sats \ 0 replies \ @cryptocoin 16 Aug 2022
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
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0 sats \ 0 replies \ @kilianbuhn OP 16 Aug 2022
Obviously, I do not like the Taliban.
But this is still scandalous. The reserves were never Afghan - they were always at US grace.
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