Biden Freezes Afghan Currency Reserves in Bid to Cut off Taliban Cash
The Biden administration has frozen billions of dollars in Afghan currency reserves and other assets held in US bank accounts following the Taliban reconquest of that country’s government, a report said Tuesday.
The freeze was implemented Sunday following discussions between Treasury Secretary Janet Yellen and other officials at the Treasury and State Departments, according to The Washington Post.
While those discussions took place, the Taliban swept into Kabul, completing a 96-hour route through Afghanistan that dealt a death blow to the Western-backed government of President Ashraf Ghani.
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