Afghanistan's gold stash is out of the Taliban's reach

  • 08/18/2021
  • Source: Kitco
  • by: Anna Golubova
Afghanistan's gold stash is out of the Taliban's reach
(Kitco News) Even though the Taliban's takeover of Afghanistan was rapid, it is not likely the militants will get their hands on the central bank's $10 billion in assets, including the $1.3 billion in gold reserves.

The reason is that most of the $10 billion worth of assets are stored outside of Afghanistan, according to one Afghan official.

"This thread is to clarify the location of DAB (Central Bank of Afghanistan) international reserves," Ahmady tweeted. "Please note that in no way were Afghanistan's international reserves ever compromised. Assets are all held at Fed, BIS, RAMP, or other bank accounts. Easily audited. We had a program with both IMF and Treasury that monitored assets. No money was stolen from any reserve account."
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