The Americans have sent out an important message to sovereigns around the world.
That they can freeze foreign dollar-denominated asset investments and banks for, e.g. money parked in the treasuries or held in NOSTRO A/Cs, as & when they deem that to be in their national interest.
That they can freeze foreign dollar-denominated asset investments and banks for, e.g. money parked in the treasuries or held in NOSTRO A/Cs, as & when they deem that to be in their national interest.
Most of the Middle Eastern Nations place their petrodollars in American Assets such as Treasury Bills and Bonds, and the same holds valid for the Chinese, that has large fx reserves.
Other nations operating SWF Sovereign wealth funds might be doing the same.
Other nations operating SWF Sovereign wealth funds might be doing the same.
When these religious zealots the #Taliban marched into Kabul, they didn't realize that they need money and international finance to run an open economy.
Afghanistan can no longer pay for its imports or finance its foreign debt liabilities, as its currency reserves are impounded.
Afghanistan can no longer pay for its imports or finance its foreign debt liabilities, as its currency reserves are impounded.
No country will bankroll the Taliban Regime, one because they are on the UN Terror List, and two they have a bad track record.
Their neighbours are in a financial mess because Pakistan is under an IMF program & Iran is sanctioned to the eyeball.
Their neighbours are in a financial mess because Pakistan is under an IMF program & Iran is sanctioned to the eyeball.
Will China or Russian bailout the Taliban?
Or will the oil-rich Arab Sheikdoms foot the #Afghan Balance of Payment Bills?
I don't think so!
Not now.
This regime might get a send-off much sooner than how strategic studies pundits could possibly imagine?
Or will the oil-rich Arab Sheikdoms foot the #Afghan Balance of Payment Bills?
I don't think so!
Not now.
This regime might get a send-off much sooner than how strategic studies pundits could possibly imagine?
The Theocratic States cannot survive in this modern international political milieu.
The freezing or confiscation of #DAB Dollar reserves by the USA is a reality check.
#Afghanistan
The freezing or confiscation of #DAB Dollar reserves by the USA is a reality check.
#Afghanistan
• • •
Missing some Tweet in this thread? You can try to
force a refresh
