US freezes Afghanistan’s billions in US banks, IMF after Taliban takeover
Afghanistan government reserves in American banks have been frozen by the United States Government after the Taliban takeover.
It was gathered that the action was taken to block the fundamentalist group from accessing billions of dollars.
The Washington Post reported that Afghanistan’s Central Bank chief, Ajmal Ahmady, fled after Kabul was overrun.
Ahmady, on Wednesday, said around $7billion of the reserves were held in the U.S. Central Bank.
He further disclosed that another $2billion was invested elsewhere internationally.
“Given that the Taliban are still on international sanction lists, it is expected that such assets will be frozen and not accessible to Taliban”, he wrote on Twitter.
The Biden administration cancelled bulk shipments of dollars headed for Afghanistan last week.
Federal authorities are blocking Taliban access to government accounts managed by the Federal Reserve and other U.S. banks, Wall Street Journal reported.
America is also ensuring that nearly $500million reserves at the International Monetary Fund (IMF) are not accessed.
Already protests against the takeover is spreading to more cities on Thursday, including the capital, Kabul as theTaliban has called on Afghanistan’s imams to urge unity.
For a very long time this website has been reaching out to readers continuously with incisive, entertaining, enlightening and helpful information.
Journalism requires funds to be effective and to continue with the free access to this venture, we ask you our esteemed reader to kindly consider supporting this noble endeavor.
By your support to AmbrosyMediaInfo, you are helping to sustain a journalism of relevance and ensuring it remains free and available to everyone.
Your donation is voluntary, please decide how much and how often you want to give.