Breaking News: President Biden is moving to split $7 billion in frozen Afghan central bank assets between 9/11 victims’ families and humanitarian aid in Afghanistan. The highly unusual set of moves is expected to be announced on Friday. https://t.co/tMqWbm9oBx
— The New York Times (@nytimes) February 11, 2022
* President Joe Biden will sign an executive order regarding some $7 billion of the Afghan central bank's assets frozen in New York's federal bank
* Money will be split to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks
* When Afghanistan's government dissolved in August, it left behind about $7 billion on deposit at the Federal Reserve Bank in New York
* The funds belonging to the Afghan central bank - known as Da Afghanistan Bank - includes assets like currency, bonds and gold
* Because it was unclear who could now access those funds, the Federal Reserve froze them
* Biden's order will clarify what to do with the money * Afghanistan is facing a humantarian crisis since Taliban took over
* Taliban wants all the money but U.S. government won't recognize its legitimacy
President Joe Biden signed an executive order on Friday that will split some $7 billion of the Afghan central bank's assets frozen in New York between humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
The money will be split eveningly: $3.5 billion for the Afghan relief and the other $3.5 billion would remain in the United States to be used to fund ongoing litigation by U.S. victims of terrorism.
'This is one step forward in the United States’ effort to authorize the transfer of a significant portion of the funds to meet the needs of the Afghan people,' the White House said in announcing the order.
Read more ....
WNU Editor: These reserves is what gives the Afghan currency its value. It's value has just been degraded.
Reports from Afghanistan continue to be grim, especially for those who supported the West .... 'They are looking for us to kill us': In hiding from Taliban, Afghans who helped U.S. struggle to escape (USA Today).
Biden Administration To Split $7 Billion In Frozen Afghan Funds Between 9/11 Victims And Humanitarian Aid
Biden splitting frozen funds for Afghan relief, 9/11 victims -- AP
Biden to split $7 billion in frozen funds between 9/11 victims and Afghan humanitarian aid -- CNN
Biden releases $7bn in frozen Afghan funds to split between 9/11 families and aid -- The Guardian
Biden to split $7B in frozen Afghanistan funds to compensate 9/11 victims -- The Hill
Biden to split frozen Afghan assets between possible aid and 9/11 families -- Axios
Biden splitting frozen Afghanistan funds in two. Here's how it would be divided. -- CBS News
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