U.S Bars Taliban From Accessing Billions of Afghan Reserves Held In U.S. Bank Accounts, Could Move To Block IMF Loans
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.
- 19 Aug 2021