Biden administration freezes Afghan government reserves in US banks

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The Washington Post, citing sources familiar with the matter, reported that US President Joe Biden’s administration on Sunday blocked the Taliban’s access to billions of dollars held in US institutions by freezing Afghan government reserves in US banks. .

In the news, which indicated that the said decision was made by Treasury Secretary Janet Yellen and officials from the Office for the Protection of Foreign Assets (OFAC), a government official recalled the previous statement that the bank’s holdings Central Afghan government in the United States would not be turned over to the Taliban.

In the news, it was stated that Afghanistan, one of the poorest countries in the world, is heavily dependent on American aid and that aid is now in danger.

According to data from the International Monetary Fund (IMF), the Central Bank of Afghanistan had reserves of $ 9.4 billion in April, which is about a third of the country’s annual economic output, and the vast majority of these reserves are not currently held in Afghanistan. .

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In the report, it was stated that although the exact amount is not clear, billions of dollars are being held in the United States, and officials at the White House, the Treasury Department and the United States Federal Reserve (Fed ) declined to comment on the question. .

THE TALIBAN PROCESS TO DOMINATE AFGHANISTAN

As part of the peace agreement reached between the United States and the Taliban in February 2020, the process of withdrawing international forces from Afghanistan began this year.

While the agreement stipulated not to attack foreign forces, it did not provide for the actions of the Taliban against the Afghan security forces.

Continuing negotiations with the Afghan government in Doha, the Taliban have simultaneously dominated many districts and provincial centers in Afghanistan with heavy attacks since June.

Besieging the capital Kabul, the Taliban took control of the city without conflict after President Ashraf Ghani left the country on August 15.

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