U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

FILE PHOTO: An Afghan currency exchange worker stacks banknotes at a market in Kabul, Afghanistan October 7, 2021. REUTERS/Jorge Silva

(Corrects para 6 to show fund is based in Geneva (not at Bank for International Settlements) and has an account at the Basel-based BIS)

WASHINGTON (Reuters) -The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.