Taliban In Financial Trouble, As America Freezes Afghanistan's Billions In US Banks |SEE MORE ACTIONS
Afnews Editor
Aug 19, 2021
The United States Government has frozen Afghanistan government reserves in American banks after the Taliban takeover.
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The action was taken to block the fundamentalist group from accessing billions of dollars.
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The Washington Post reported that Afghanistan's Central Bank chief, Ajmal Ahmady, fled after Kabul was overrun.
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Ahmady, on Wednesday, said around $7billion of the reserves were held in the U.S. Central Bank.
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He further disclosed that another $2billion was invested elsewhere internationally.
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"Given that the Taliban are still on international sanction lists, it is expected that such assets will be frozen and not accessible to TalibanÔÇØ, he wrote on Twitter.
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The Biden administration cancelled bulk shipments of dollars headed for Afghanistan last week.
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Federal authorities are blocking Taliban access to government accounts managed by the Federal Reserve and other U.S. banks, Wall Street Journal reported.
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America is also ensuring that nearly $500million reserves at the International Monetary Fund (IMF) is not accessed.
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The Taliban have vowed to enforce Islamic law in all countries of the world.
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— Afnews Editor