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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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Fushidhiggaru project ongoing, will finish on time: Government

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The Maldives government on Sunday assured Fushidhiggaru reclamation project, a key initiative under the vision of President Dr. Mohamed Muizzu, has not stalled and would be completed on the scheduled date.

President’s Office Chief Spokesperson Heena Waleed confirmed this on Sunday at a press conference, while providing details on other government initiatives.

The state has responded about the large-scale development project amid speculation in social media and by political opponents, claiming the initiative has stalled.

In response, Heena highlighted that the sand dredging in the project is currently on pause, stressing this was not indicative of the entire project being halted.

“I would like to ask, if they gauge the ongoing status of a capacity based on whether sand dredging is ongoing or not. Although sand dredging has stopped, there would be several other associated components of the project that requires attention and execution,” Heena commented.

She further said the project requires administrative and other work, all of which, she added, were ongoing.

“In response, I would like to reply that the Fushidhiggaru project has not stalled, it is ongoing. The project would conclude as per the scheduled date announced by the President,” she said.

Under the large-scale development project, 1,153 hectares of land will be reclaimed, which is thrice the combined size of Hulhumale’ Phase I and II.

The iniatiative commenced officially on December 18, 2023 while the Maldives President assured the reclamation component will conclude within eight months from the date of commencement.

Source(s): sun.mv

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Efforts underway to submit new laws to Parliament

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Chief Spokesperson at the President’s Office Heena Waleed has stated that efforts are underway to complete the administrative preparations for introducing new laws and amendments to the Parliament, with the government achieving a super majority in the parliamentary elections.

Heena stated there are several crucial laws to be presented to Parliament under the government’s week-14 legislative agenda. As such, laws relating to housing, the criminal justice system, social security are to be submitted. On this stance, Heena affirmed that the laws and amendments which have been stalled in the committee phase will be given a top priority to be implemented by the end of President Dr. Mohamed Muizzu’s tenure.

Furthermore, Heena revealed that over 200 laws are to be implemented, aiming to fulfill President Dr. Muizzu’s commitment outlined in the government’s manifesto. She assured that the elected Parliament will play a significant role as their views align with that of the president.

Observing that the government attained a super majority during the parliamentary elcetions was due to the unwavering trust in President Dr. Muizzu, Heena affirmed that this advantage will not be exploited. She guaranteed that the super majority will assist the government in implementing and enforcing policies that will benefit the public as per the respective policies.

Source(s): PsmNews

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Islamic Minister discusses expanding Zakat House

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Minister of Islamic Affairs Dr. Mohamed Shaheem Ali Saeed has met with the Director General of Zakat House Director Dr. Majid Sulaiman Al-Azimi to discuss upgrading the Maldives Zakat House.

The minister confirmed this via X (formerly Twitter), highligting that the two discussed about expanding the services of the Zakat House, including staff and Sharia Board training, and the legal requirements of Zakat recipients.

Earlier, the minister announced the administration’s plan to introduce a financial aid system to extend aid to orphans permanently. Dr. Shaheem said orphans will receive financial support annually until adulthood.

However, the minister did not specify how much the government intended to provide as financial support each year.

The current administration established the Maldives Zakat House with the objectives of increasing public awareness on the importance of paying Zakat, and foster love among the public towards the Islamic sacred act.

Under the Zakat Fund, government provided financial support to 52 individuals earlier in March 2024.

Statistics recently provided by the Zakat House showed the fund had been disbursed mainly in four areas, which are;

For Cancer Treatment – MVR 190,822.50
Brain Surgery – MVR 180,407.19
Heart Surgery – MVR 8,482.00
Transplants – MVR 25,443.00

Additionally, another MVR 227,872.50 was disbursed for various other areas.

Source(s): sun.mv

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