A new executive order released by President Biden recently will grant the 9/11 victims and their families billions of dollars in regards to cash reserves seized by Afghanistan’s central bank.
Local media outlets have gone on to confirm the news, stating how the amount had been frozen during that time as the Taliban had reportedly seized complete control of the country at that time.
These cash reserves will reportedly be transferred to New York’s Federal Reserve Bank as a means of giving it access to the Biden administration so they can also use it to benefit all those needy people in Afghanistan right now as well as provide a sort of compensation to the victims of the 9/11 tragedy.
On Friday, the President signed the executive order invoking his powers relating to a national emergency so that he could seize the property and interests belonging to the Afghan bank. He is now shortly expected to make the announcement for this decision soon, claim inside sources.
This way, the victims and their families from the Terror attack can expect to be given nearly $3.5 billion in assets, explained financial experts regarding the matter.
Last August, the funds were frozen, right after they were taken away from the Afghan central bank, moments before the Taliban resumed back into power.
The Biden administration claims that the humanitarian crisis in Afghanistan is worsening by the second and that is why it will make sure a chunk of the funds are put to good use there, but a formal announcement regarding this particular matter is expected.
As a whole, the total sum of funds includes $7 billion, following American troops’ withdrawal from the war-torn country.
What are your thoughts on this executive order by the Biden administration? Do you approve or not? Let us know your thoughts and don’t forget to SHARE the story with others too.