“I can’t think of a worse betrayal of the people of Afghanistan than to freeze their assets and give it to 9/11 families,” said one 9/11 victim’s brother
US President Joe Biden is expected to sign an executive order today that would split $7 billion in frozen Afghan reserves held by the US and make it accessible to families of 9/11 victims., Biden will block $7 billion in Afghan central bank funds under his emergency powers and clear a legal path for relatives of victims of the 9/11 attacks to pursue $3.5 billion of those assets.
“It is highly unusual for the United States government to commandeer a foreign country’s assets on domestic soil,” theThe previous Afghan government had deposited over $7 billion assets – including currency, bonds and gold – on deposit at the Federal Reserve Bank in New York before the Taliban took over Afghanistan in August 2021. Since then, the Fed has made those funds unavailable for withdrawal.
Additionally, the Biden administration has come under domestic pressure to tell the court that it recognises the Fed’s funds as being linked to the Taliban, making it seizable and kicking off a debate about what to do with the frozen assets.
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Biden to split frozen Afghan funds for 9/11 victims, reliefPresident Joe Biden is expected to issue an executive order on Friday to move $7 billion of the Afghan central bank’s assets frozen in the U.S. banking system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks, according to a U.S. official familiar with the decision. International funding to Afghanistan was suspended and billions of dollars of the country’s assets abroad, mostly in the United States, were frozen after the Taliban took control of the country in August. The country’s long-troubled economy has been in a tailspin since the Taliban takeover.
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Biden to split frozen Afghan funds for 9/11 victims, humanitarian reliefInternational funding to Afghanistan was suspended and billions of dollars of the country’s assets abroad were frozen after the Taliban took control of the country in mid-August.
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Biden moves to split $7 billion in frozen Afghan funds for 9/11 victimsPresident Joe Biden is expected to move some $7 billion of the Afghan central bank’s assets frozen in the American funding system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
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Biden moves to split $7 billion in frozen Afghan funds for 9/11 victimsPresident Joe Biden is expected to move some $7 billion of the Afghan central bank’s assets frozen in the American funding system to fund humanitarian relief in Afghanistan and compensate victims of the Sept. 11, 2001, attacks.
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