Financial Warfare: Afghan Central Bank's $10B Confiscated by US, Allies — Biden Halts USD Shipments to Afghanistan – Economics Bitcoin News


Financial Warfare: Afghan Central Bank's $10B Confiscated by US, Allies — Biden Halts USD Shipments to Afghanistan

The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left Kabul in great numbers, reports show that the New York branch of the Federal Reserve has confiscated a majority of the Afghanistan central bank’s $10 billion worth of assets. Moreover, last week the Biden administration halted dollar shipments that were headed to Afghanistan.

America’s ‘Messy’ Afghanistan Exit Transforms Into Financial War

The Afghanistan War that the U.S. participated in has been a long-running foreign policy embarrassment for American bureaucrats who backed the invasion. 2021’s “fall of Kabul” has been a messy exit and critics of the United State’s military-industrial complex have compared the Afghanistan War to the Vietnam War. Addressing the American public, president Joe Biden explained that despite the “messy” exit, “there was never a good time to withdraw U.S. forces.”

Financial Warfare: Afghan Central Bank's $10B Confiscated by US, Allies — Biden Halts USD Shipments to Afghanistan
Since U.S. forces left last week, there’s been a shortage of U.S. dollars.

However, since the exit, the number of U.S. troops being sent back to Afghanistan has risen to 6,000. Additionally, the U.S. is still leveraging financial warfare as the Afghanistan central bank’s $10 billion in assets are being held by the U.S. and allied forces. According to reports, the central bank of Afghanistan’s assets included $1.3 billion in gold and $361 million in international currencies. Afghanis have zero access to these funds because the assets are being held in financial institutions like the New York branch of the Federal Reserve (FRBNY).

A December 2020 consolidated statement indicated that FRBNY held roughly $6.1 billion of all assets. The statement further indicates FRBNY held Afghani gold bars worth $1.2 billion. The Afghan central bank won’t be seeing these funds any time soon as the American government believes they would fall into the hands of Taliban forces. Moreover, last week the Biden administration halted shipments of U.S. dollars being sent to Afghanistan to keep the funds away from Taliban members.

NY Fed, US Banks, and the Biden Administration Work to Prevent Access to Afghani Funds

Sources familiar with the matter say the U.S. has an Afghani financial blockade set up as the Federal Reserve and other U.S. financial institutions are “working to prevent” access to the funds. For some reason, the Biden administration and allied forces wholeheartedly believe the bank assets of the Afghan government should be policed and sanctioned. “Any central bank assets the Afghan government has in the United States will not be made available to the Taliban,” a Biden administration official remarked to the press.

The added forces since the so-called departure from Afghanistan and the economic sanctions show the U.S. is not willing to pull out from policing the world so easily. Afghanistan will likely have issues with the financial system monopolized by the global central banking system the same way many other nation-states are excluded because of the opinions of the American bureaucracy. Nation-states like North Korea, Venezuela, Turkey, Iran, and now Afghanistan will feel the wrath of financial weaponry and economic exclusion.

The subject of the Biden administration halting dollar shipments this past week was a popular topic on the bitcoin-focused Reddit forum r/bitcoin. Many believe Satoshi Nakamoto’s invention was created to bypass the opinions of financial central planners and the whims of bureaucrats.

Tags in this story
$10 Billion in assets, Afghan central bank, Afghanistan War, Allied Forces, Biden Administration, Bitcoin, Borderless Funds, Economic sanctions, Federal Reserve, financial war, Iran, Joe Biden, New York Federal Reserve, north korea, NY Fed, Sanctions, Satoshi Nakamoto, Taliban, Turkey, US banks, US Forces, Venezuela, Vietnam War, war in Afghanistan

What do you think about the U.S. Federal Reserve and Biden administration continuing to police Afghanistan with financial weaponry? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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