×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Afghanistan | Biden Administration | Financial Markets | Middle East | Money | War on Terrorism | bank

US Freezes Nearly $9.5B Afghanistan Central Bank Assets

an illustration of the former afghanistan flag crumbling like ground split by an earthquake
(Dreamstime)

Wednesday, 18 August 2021 04:22 AM

The U.S. has frozen nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation as it tries to keep a Taliban-led government from accessing the money, an administration official confirmed Tuesday.

The official said any central bank assets the Afghan government has in the U.S. will not be available to the Taliban, which remains on the Treasury Department's sanctions designation list.

Ajmal Ahmady, acting head of Da Afghan Bank, the nation's central bank, early Monday tweeted he learned Friday that shipments of dollars would stop as the U.S. tried to block any Taliban effort to gain access to the funds. DAB has $9.5 billion in assets, a sizable portion of which is in accounts with the New York Federal Reserve and U.S.-based financial institutions.

U.S. sanctions on the Taliban mean they cannot access any funds. The vast majority of DAB's assets are not currently held in Afghanistan, according to two people familiar with the matter.  

The U.S. Treasury Department declined to comment.

© Copyright 2021 Bloomberg News. All rights reserved.


US
The U.S. has frozen nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation as it tries to keep a Taliban-led government from accessing the money, an administration official confirmed Tuesday.
bank, assets, taliban, sanctions, terrorist organization, cash, shipments, dollars
171
2021-22-18
Wednesday, 18 August 2021 04:22 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved