Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Carlitos Brigante

(26,501 posts)
Wed Aug 25, 2021, 02:43 PM Aug 2021

The Taliban tried to get its hands on the Afghanistan central bank's nearly $10 billion in reserves,

but most of the money is in New York

https://www.yahoo.com/news/taliban-tried-hands-afghanistan-central-165632573.html

The Taliban may have seized control of Afghanistan - but for now, the group can't access the country's central bank's nearly $10 billion in reserves, most of which is reportedly held by the Federal Reserve Bank in New York.

Last week, Taliban members attempted to inspect Afghanistan's billions of dollars in foriegn reserves only to be told by officials at the country's central bank, Da Afghanistan Bank, that they could not access it because it was being stored by the Federal Reserve Bank of New York in Manhattan, the Financial Times reported.

Regardless, most of the central bank's roughly $9.5 billion in assets were frozen by the US last week after the Taliban swiftly took control of Afghanistan following the stunning collapse of the Afghan government.

"[The Taliban] realize they don't have the expertise they need," Omar Samad, a former Afghan ambassador to Canada and France, told the Financial Times. "They are reaching out to technocrats and renowned Afghans. They know they are going to need these non-Taliban figures in their government."

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Taliban tried to get its hands on the Afghanistan central bank's nearly $10 billion in reserves, (Original Post) Carlitos Brigante Aug 2021 OP
It's a Taliban Life mahatmakanejeeves Aug 2021 #1
And Joe KNEW we have them by the cajones even if the Afghan gov't fell Hugh_Lebowski Aug 2021 #2
Joe Biden. God love ya man Budi Aug 2021 #5
That's our bargaining power over them. Joe can use it to add time for... brush Aug 2021 #3
Finland & Germany immediately followed the US in shutting off the billion$$ spigot. Budi Aug 2021 #4

mahatmakanejeeves

(57,439 posts)
1. It's a Taliban Life
Wed Aug 25, 2021, 02:51 PM
Aug 2021

"The money's not here."



It's A Wonderful Life Bank Run
260,228 views Dec 6, 2014

Hoosiertown
150 subscribers

It's A Wonderful Life Bank Run
 

Hugh_Lebowski

(33,643 posts)
2. And Joe KNEW we have them by the cajones even if the Afghan gov't fell
Wed Aug 25, 2021, 02:55 PM
Aug 2021

Holding their billions while we got out, this was a huge part of the contingency plan.

And is probably a big part of WHY we're getting out of there casualty-free.

Joe knew.

 

Budi

(15,325 posts)
4. Finland & Germany immediately followed the US in shutting off the billion$$ spigot.
Wed Aug 25, 2021, 03:21 PM
Aug 2021

They got nothing.

That is why it's critical to get as many people who want to leave, out of there.
They would be merely hostages held for access to the billions.

Those who choose to remain do so at their own will.

Joe took all the money!!

Latest Discussions»General Discussion»The Taliban tried to get ...