The Biden Administration withinside the United States froze belongings really well worth nearly $9.5 billion belonging to Da Afghanistan Bank and blocked cash from being shipped to the war-torn nation, in a bid to prevent the Taliban from gaining access to the money, Bloomberg said primarily based totally on affirmation with the aid of using a legit acquainted with the development.
The pass observed a choice with the aid of using America treasury secretary Janet L Yellen and officers withinside the Treasury Department’s Office of Foreign Assets Control on Sunday whilst it ordered to freeze Afghan authorities reserves held in US banks.
As a end result of this action, the Taliban, which stays at the listing of ‘Specially Designated Nationals’, dealing with monetary sanctions, might now no longer be capable of get entry to any Afghan vital financial institution belongings stored withinside the US, in keeping with The Washington Post.
The International Monetary Fund estimate positioned Afghan vital financial institution belongings at $9.5 billion until April, a considerable part of that is in debts with the New York Federal Reserve and different US-primarily based totally monetary institutions.