September 14, 2022

U.S. to Transfer Afghan Funds to Swiss Bank for Safekeeping

Source: The Wall Street Journal

Journalists: Ian Talley, Jessica Donati

The Biden administration hopes availability of the funds for such critical foreign currency payments can help ease the economic suffering of the Afghan population and potentially provide a channel to unlock and protect other central bank reserves now frozen outside the country, the administration said.

“The fund’s effectiveness will depend a lot on its governance and mandate while operating in a very high-risk environment,” said Alex Zerden, a former U.S. Treasury attaché in Afghanistan now at the Center for a New American Security, a nonpartisan think tank in Washington.

Read the full story and more from The Wall Street Journal.


  • Alex Zerden

    Adjunct Senior Fellow, Energy, Economics, and Security Program, Founder, Capital Peak Strategies

    Alex Zerden is the founder of Capitol Peak Strategies, a risk advisory firm based in Washington, DC. Capitol Peak works with leading financial institutions, companies and orga...