US freezes nearly $9.5bn of Afghan reserves to block Taliban access to funds
US freezes nearly $9.5bn of Afghan reserves to block Taliban access to funds

The Biden organization froze about $9.5 billion of the Afghan government's stores in US banks on Sunday after the Taliban held onto Kabul, as indicated by US media reports.

The undeclared activity was first detailed by The Washington Post on Tuesday.

The Post announced that US Treasury Secretary Janet Yellen and faculty at the Treasury's Office of Foreign Assets Control had chosen to freeze the records.

"Any national bank resources the Afghan government have in the United States won't be made accessible to the Taliban," an organization official told the paper in an explanation.

As per the report, the US State Department was counseled before the activity just like the White House, adding that the Biden organization was thinking about different activities also to pressure the Taliban.

It brought up that the Biden organization didn't require new power to freeze the stores on the grounds that the Taliban were at that point under sanctions from a leader request endorsed after the September 11, 2001, fear monger assaults.

Washington likewise halted shipments of money to Kabul as a feature of a work to forestall a Taliban-drove government from getting to cash, as indicated by a Bloomberg report.

Ajmal Ahmady, acting head of Da Afghanistan Bank (DAB) — the country's national bank — tweeted recently that he learned on Friday that shipments of dollars would stop as Washington would not permit the Taliban to get to the assets.

As per Bloomberg, the DAB has $9.5bn in resources, a sizeable part of which is in accounts with the New York Federal Reserve and US-based monetary organizations.

The limitations continued in the wake of the Taliban's almost finished takeover of Afghanistan.

Taliban fellow benefactor Abdul Ghani Baradar showed up in the country on Tuesday without precedent for over 10 years. He made a trip to Kandahar, the origination of the Taliban and the second-biggest city in Afghanistan, which was surpassed by the guerilla bunch last week.

Afghanistan's money — Afghani — has confronted record misfortunes since Monday, the main working day since the Taliban takeover this end of the week.

The Afghani fell as much as 4.6 percent on Tuesday to 86.0625 per dollar, the fourth day of decrease, as indicated by information incorporated by Bloomberg.

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