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WSJ What’s News

Why Billions in Afghan Funds Are Still Locked Away in Switzerland

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 9 February 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

P.M. Edition for Feb. 9. In 2021, when the U.S. withdrew troops from Afghanistan, the Biden administration froze billions of dollars the Afghan central bank kept in reserves in the U.S. Much of it was put into an account in Switzerland, and pitched as a way to help the Afghan people. But so far, no funds have been released. Reporter Daniella Cheslow joins host Annmarie Fertoli to explain why. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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Visit Concurs.co.uk to learn more.

0:30.0

The first UN aid convoys enter earthquake-rappaged Syria as hopes of finding survivors begin to fade.

0:42.0

And two years ago, the US rose billions of dollars in Afghan funds.

0:46.0

The Afghan fund is three and a half billion dollars that's sitting in a bank in Switzerland.

0:52.0

The Treasury said at the time, the point was to keep the money out of the Taliban's hands,

0:56.0

while it benefits the Afghan people.

0:58.0

Why the money still hasn't been released?

1:00.0

Plus, how airlines are loosening up uniform restrictions for flight attendants.

1:05.0

It's Thursday, February 9.

1:07.0

I'm Ann Marie for Toley for the Wall Street Journal.

1:09.0

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

1:24.0

The death toll from two earthquakes that rocked Turkey and Syria on Monday has passed 20,000.

1:30.0

Turkey's tally makes up more than 17,000 of the dead surpassing a traumatic earthquake in 1999,

1:36.0

that catalyzed a radical shift in Turkish politics.

1:40.0

In a speech from Ghazyan Tepp, a city near the first Quakes epicenter,

1:44.0

Turkish President Recep Erdogan vowed to rebuild every home destroyed within a year.

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