August 18, 2021
2 mins read

Efforts underway to keep cash away from Taliban

US Treasury has taken steps to prevent cash reserves managed by the Federal Reserve and other US banks out of the hands of the Taliban…reports Asian Lite News

After Kabul fell into the hands of the Taliban, the US is taking steps to keep cash away from the Taliban.

US Treasury has taken steps to prevent cash reserves managed by the Federal Reserve and other US banks out of the hands of the Taliban, officials told CNN.

CNN reported earlier this week that the abrupt collapse of the Afghanistan government on Sunday had raised questions from several veterans of previous administrations about assets of the Afghan Central Bank and whether any of the money could end up in the hands of the Taliban.

The “vast majority” of the Afghan Central Bank assets are not held in Afghanistan, a US official familiar with the matter told CNN. The assets in the US have been essentially blocked by the reach of the Taliban.

Separately, a Biden administration official said on Sunday that any assets the Afghan government has in the United States will not be made available to the Taliban.

Meanwhile, the White House believes that the Taliban won’t return the US weapons that it captured from Afghan forces.

During a press conference in Washington, Sullivan said the Biden administration believes that a “fair amount” of the weapons that the US gave to Afghanistan are in the possession of the Taliban, and they don’t expect they will be returned to the US.

“We don’t have a complete picture, obviously, of where every article of defence materials has gone but certainly, a fair amount of it has fallen into the hands of the Taliban, and obviously, we don’t have a sense that they are going to readily hand it over to us at the airport,” he added.

The terror group took control over Afghanistan on Sunday after entering the presidential palace in Kabul.

The Taliban leaders are discussing future government plans in Doha and are in touch with the international community and intra-Afghan parties to form government in Afghanistan.

The world is closely watching the unfolding situation in Afghanistan as the countries have scrambled to evacuate its citizen from Afghanistan in an attempt to secure their people. (ANI)

ALSO READ: US intel predicted Afghan military collapse, despite Biden’s assurances

Previous Story

US NSA clarifies on evacuation of all Americans from Afghanistan

Next Story

Jaishankar, Estonia counterpart exchange views on Afghan crisis

Latest from -Top News

Dhaka’s Ruling Party Rejects Kolkata Link

Slamming the Yunus administration, the Awami League alleged that “the illegal usurper government is actively spreading these baseless rumours….reports Asian Lite News Bangladesh’s Awami League has rejected media reports that it opened

1.5M Afghans Forced Back in 2025

UN warned that these women and girls face significant threats upon their return to Afghanistan, including poverty, early marriage, violence, and unprecedented restrictions. The International Organization for Migration (IOM) has warned that

How BRICS Break the West’s Grip

Harvansh Chawla pointed to the Ruble-Rupee trade arrangement between the two nations, saying it has streamlined transactions and lessened reliance on Western financial systems. The BRICS bloc is proving crucial in enabling

Greece may extend North Africa asylum ban

In July, the government stopped processing asylum requests from migrants arriving from North Africa by sea for three months in an effort to curb arrivals from Libya to Crete Plevris said he

EU Demands Seat in US–Russia Ceasefire Talks

Kallas revealed that she would convene an online meeting of EU foreign ministers on Monday to discuss “our next steps EU foreign policy chief Kaja Kallas said any US–Russia agreement must involve
Go toTop

Don't Miss

Blinken pledges support for Kyiv’s economic recovery

Blinken also noted the US commitment to working with the

Pro-Palestinian protesters at Drexel ignore call to disband

Drexel President John Fry said the encampment had disrupted campus