Protecting Certain Property of Da Afghanistan Bank for the Benefit of the People of Afghanistan
Headline: Blocks Afghan Central Bank Assets Held by United States Institutions
What it does: Agencies must promptly block and transfer Da Afghanistan Bank assets held in United States financial institutions into a consolidated Federal Reserve Bank of New York account.
- Freezes Afghan central bank funds held in United States banks, blocking transfers.
- Requires transfer of those funds into a single New York Federal Reserve account.
- Limits access to those assets for private legal claimants and other third parties.
Summary
This order declares a national emergency over Afghanistan's humanitarian and economic crisis and blocks certain funds of Da Afghanistan Bank held in the United States. It directs United States financial institutions to move those blocked assets into a single account at the Federal Reserve Bank of New York.
The Secretary of the Treasury, with the Secretary of State and Attorney General, may issue rules, use emergency economic powers, and report to Congress; federal officials may continue official business.
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