Afghan central bank’s assets worth of $9.5bn freeze by US

Web DeskWeb Editor

18th Aug, 2021. 11:22 pm
afghan bank

Afghan central banks $9.5 billion have been frozen by the US, by stopping the shipments of cash to the nation as it attempts to keep a Taliban-led administration from regaining access to the money, confirmed by an administration official.

Any central bank possessions that the Afghan administration has in the U.S. will not be accessible to the Taliban, which remains on the Treasury Department’s authorizations description list stated the Officials.

The nation’s central bank shipments of dollars would stop as the U.S. tried to block any Taliban exertion to achieve access to the funds, tweeted Ajmal Ahmady, acting head of Da Afghan Bank.

DAB has $9.5 billion in belongings, a sufficient quota of which is in accounts with the New York Federal Reserve and U.S.-based monetary organizations.

The sanctions by the US on the Taliban mean that they cannot contact any funds.

Whereas the massive majority of DAB’s possessions are not presently detained in Afghanistan, according to two people acquainted with the matter.

Furthermore, the U.S. Treasury Department has declined to comment on the situation.

 

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