America will break the economic back of Taliban! Sealed Afghan government accounts
Afghanistan Crisis: The Biden administration on Sunday froze the reserves of the Afghan government in US bank accounts. The decision was taken by Treasury Secretary Janet L. Yellen and officials from the Treasury Department of the Office of Foreign Assets Control.
Washington. The accounts of the Afghan government in America’s banks have been sealed. The administration of President Joe Biden took this decision on Sunday. It is reported that the administration has taken this decision to block the access of the Taliban to the millions of dollars kept in American institutions. Already one of the poorest countries of the world, Afghanistan was largely dependent on the financial help of America. In such a situation, after this ban, new difficulties have arisen in front of the country.
During his speech on Monday, President Biden promised to continue financial aid to Afghanistan. “We will continue to support the Afghan people,” he said. We will lead with our diplomacy, our international influence and our humanitarian assistance. Spokesmen for the White House and Treasury Department have not yet commented on the fund block process.
According to data from the International Monetary Fund, the Afghanistan Central Bank has reserve assets of $ 9.4 billion as of April. This figure is about a third of the country’s economic output. According to the report, the expert of the case told that most of these reserves are not in Afghanistan. At the same time, millions of dollars out of this fund are in America. However, the exact amount is not yet clear.
Smith, who was an advisor to the National Security Council and the director of the Office of Foreign Assets Control in the Obama administration, said the US does not need any new powers to freeze accounts. Because the Taliban was already facing sanctions under an executive order approved after the September 11, 2001 attacks.