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The Taliban turns over captured cash and gold to the national bank, ensuring the safety of Afghan bank deposits

Adam Layaan Kurik Riza

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According to a bank statement on Thursday, the Taliban turned up around 12.3 million US dollars in cash and gold to Da Afghanistan Bank (DAB), the country’s central bank.

The cash and gold bars discovered in the homes of previous administration officials and local offices of the former government’s intelligence service have been restored to the treasury of Da Afghanistan Bank.

The interim governor of Da Afghanistan Bank assured Afghans that their deposits in commercial banks were safe.

“Da Afghanistan Bank guarantees our compatriots that all commercial banks operating in the nation are being closely monitored and are running more efficiently than previously. Banks are absolutely safe “The statement reported governor Mohammad Idrees as stating.

“By giving over the assets to the national treasury, the officials of the Islamic Emirate of Afghanistan demonstrated their commitment to transparency,” the statement stated.

According to the statement, all commercial banks in the region and around the world hold 10% of their capital in cash and use the rest to conduct various commercial activities and provide helpful services to their customers.

“On average, commercial banks in Afghanistan hold 50% of their afghani and foreign currency reserves. As a result, the banking sector is in good shape. These banks have invested a specific amount of money both domestically and overseas in order to contribute to Afghanistan’s economic progress “added the governor.

Thousands of customers had waited in long lines to withdraw their funds since the Taliban’s takeover in mid-August, according to the statement.

Reports of the United States freezing Afghanistan’s bank assets, as well as the World Bank and the International Monetary Fund (IMF) suspending funds, have raised fears among Afghans.

On August 28, the DBA issued an order to all banks in the Central Asian country, limiting weekly withdrawals to $200 USD or 20,000 afghanis for one customer.

After seizing control of Kabul on August 15, the Taliban declared the formation of a caretaker government on September 7, naming numerous acting ministers and an acting governor of the Afghan central bank.

 

Source: Xinhua News Agency

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President Solih operated on orders from a foreign diplomat: President Muizzu

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President Dr. Mohamed Muizzu alleges that his predecessor, President Ibrahim Mohamed Solih, operated on orders from a foreign diplomat.

In an interview with Public Service Media (PSM) which aired on Thursday night, President Muizzu was asked for a response to criticism from the opposition regarding a recent procurement of military drones.

President Muizzu noted that the main opposition Maldivian Democratic Party (MDP), when it held office from 2018-2023, also held a supermajority in the Parliament.

However, the party failed to protect Maldives’ independence, leaving it in the hands of a foreign country, he said.

He said that President Solih had operated on orders from a foreign ambassador, which resulted in extensive damage.

However, he did not specify which foreign country he was referring to.

“We had lost independence in all sense of the word, including economically. After having done all this, they would naturally not accept our efforts to remedy all this and put the country on a track that the Maldivian people want, towards a ‘Dhiveheenge Raajje’,” he said.

Regarding the cost of the drones, President Muizzu said that while he believes in transparency, such military secrets aren’t disclosed by any country.

“In such matters that is crucial to national security, I am heavily reliant on counsel from our chief of defense force and our generals. Therefore, I will follow their counsel, and I will listen to them,” he said.

President Muizzu said that no value can be attached to the independence of Maldives, and that it is in fact “priceless.”

While the People’s National Congress (PNC) administration accuses the former administration of getting overly dependent on India, the MDP accuses the incumbent administration of ruining age-old ties with India and fostering closer ties with China.

President Muizzu had campaigned on the promise of expelling Indian soldiers stationed in Maldives, which he said was a threat to the country’s national security. The soldiers are now being replaced by Indian civilians.

Source(s): sun.mv

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China’s Shandong province donates 10 civil vehicles to Maldives

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The eastern Chinese province of Shandong has donated 10 civil vehicles to the Maldives.

The donation was handed over by Chinese Ambassador Wang Lixin to the Maldives’ Local Government Minister Adam Shareef Umar on Thursday evening.

Wang wrote on X that she is very pleased to handover the donation.

“I believe those vehicles will help a lot in collecting waste and other public works in different cities, and make Maldives a more beautiful place,” she said.

Meanwhile, Adam Shareef expressed profound gratitude for the generous donation.

“This meaningful gesture symbolizes the supportive friendship between our two nations,” he wrote on X.

Source(s): sun.mv

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Government aims to expand Aasandha service to UAE and Thailand this year

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President Dr. Mohamed Muizzu says his administration aims to expand the services of the public health insurance scheme – Aasandha – to the United Arab Emirates (UAE) and Thailand within this year.

In an interview to Public Service Media (PSM) which aired on Thursday night, President Muizzu said that administrative arrangements to expand the services to the two countries are going ahead at a fast pace.

“We therefore have high expectations it can begin this year,” he said.

He did not provide any details.

In a press briefing on January 13, following a state visit to China, President Muizzu said his administration plans to expand Aasandha services to countries that offer better quality medical care services, including the UAE and Thailand.

“In the future, Aasandha will not be restricted to medical facilities in specific countries in a specific region, but will be expanded to countries that offer better services such as UAE and Thailand,” he said, while speaking to reporters from the Velana International Airport.

He also announced plans to provide Aasandha coverage for accommodation as well.

Aasandha services are currently available overseas in select medical facilities in neighboring Sri Lanka and India.

The decision to expand Aasandha comes amid concern over the growing burden on the state budget for the provision of the service. The cost of Aasandha has been growing yearly. On Wednesday, Social and Family Development Minister Dr. Aishath Shiham said the expenditure on Aasandha had increased by 60 percent over the last five years.

She said the administration is studying different models in an effort to switch to one that minimizes wastage.

MVR 1.9 billion is allocation in this year’s budget for Aasandha services.

Source(s): sun.mv

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