Treasury Department froze billions in the accounts.
Treasury Secretary Janet Yellen and officials in the Department of the Treasury’s Office of Foreign Assets Control directed the freezing of billions of dollars in Afghan reserve accounts in U.S. banks. The Taliban is now cut off from access to $9.4 billion the Afghanistan central bank holds in reserve assets presently on deposit in the United States.
As one administration official explained, “any Central Bank assets the Afghan government have in the United States will not be made available to the Taliban.”
In addition, NATO has frozen all financial aid to Afghanistan. No money is being transferred, and no support is provided to Kabul since the official government has collapsed, according to NATO Secretary Jens Stoltenberg. NATO runs a trust fund for the Afghan National Army to help with training, education, and equipment.
As the Lord Leads, Pray with Us…
- For administration officials as they evaluate measures to deal with hostile regimes.
- For the State Department as diplomats and other officials still in Afghanistan seek to evacuate.
- For the U.S. and NATO allies as they respond to the Taliban takeover of Afghanistan.
Sources: National Review, Defense One
