U.S Bars Taliban From Accessing Billions of Afghan Reserves Held In U.S. Bank Accounts, Could Move To Block IMF Loans
Photo courtesy: Swarajyamag
The Biden administration has frozen Afghan government reserves deposited in U.S. bank accounts in a move that will deprive Taliban access to billions of dollars.
The gross reserves of the country’s central bank, Da Afghanistan Bank (DAB), totaled $9.4 billion at the end of April, according to an estimate by International Monetary Fund (IMF). Substantial portion of it is held as reserves in U.S Banks.
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- 19 Aug 2021
- WerIndia
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