{"id":135960,"date":"2021-08-17T23:14:40","date_gmt":"2021-08-17T23:14:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=135960"},"modified":"2021-08-17T23:14:40","modified_gmt":"2021-08-17T23:14:40","slug":"us-halted-dollar-shipments-to-afghanistan-to-keep-cash-out-of-talibans-hands","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/us-halted-dollar-shipments-to-afghanistan-to-keep-cash-out-of-talibans-hands\/","title":{"rendered":"US halted dollar shipments to Afghanistan to keep cash out of Taliban\u2019s hands"},"content":{"rendered":"
Kay Bailey Hutchison weighs in on the U.S. pulling out of Afghanistan and the Taliban’s rise in the country on ‘Kudlow’<\/p>\n
The Biden administration last week canceled bulk shipments of dollars headed for Afghanistan as Taliban fighters were poised to take control of the capital city of Kabul, part of a continuing scramble to keep hundreds of millions of dollars out of the hands of the terrorist group, according to people familiar with the matter.<\/p>\n
The U.S. is also blocking Taliban access to government accounts managed by the Federal Reserve and other U.S. banks and working to prevent the group’s access to nearly half-billion dollars-worth of reserves at the International Monetary Fund, according to those people.<\/p>\n
The actions represent the last vestiges of diplomatic leverage Washington hopes will help prevent a deepening political and humanitarian crisis.<\/p>\n
"Any central bank assets the Afghan government has in the United States will not be made available to the Taliban," a Biden administration official said.<\/p>\n