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The Da Afghanistan Bank on Aug. 6, 2013. Photo: Victor J. Blue/Bloomberg via Getty Images

The Taliban's declaration that it had taken control of Afghanistan on Monday put central bank watchers around the world on alert.

Driving the news: The nation's central bank, Da Afghanistan Bank, held $9.4 billion in international reserves as of April, according to the International Monetary Fund.

Why it matters: International observers are concerned about what the Taliban would do with the funds if it got its hands on the central bank's assets.

Yes, but: "The vast majority of the Afghan Central Bank assets are not currently held in Afghanistan," a person familiar with the matter tells Axios.

  • "Any Central Bank assets the Afghan government have in the United States will not be made available to the Taliban," an administration official tells Axios.

Central banks usually hold reserves in gold or a widely held currency like the U.S. dollar. These reserves are used for transactions among central banks.

Catch up quick: Taliban leaders declared victory in Afghanistan on Monday, which follows the Biden administration's decision to withdraw U.S. troops from the country.

Go deeper

Banks see borrowing return

Data: FactSet; Chart: Axios Visuals

Lending profits helped boost Bank of America's and Morgan Stanley’s third quarter. 

  • Net interest income jumped 10% and 52%, respectively, over last year, the companies reported this morning. 
8 mins ago - Technology

Race and technology in America

Illustration: Annelise Capossela/Axios

The technology industry is famously determined to change the world — but its efforts to diversify its workforce and remove bias from its products haven't changed nearly enough.

Biden: "Being a cop today is one hell of a lot harder than it's ever been"

President Biden speaks during the 40th Annual National Peace Officers Memorial Service at the U.S Capitolon Oct. 16. Photo: Brendan Smialowski/AFP via Getty Images

President Biden speaking at the U.S. Capitol on Saturday honored members of law enforcement who died in the line of duty in 2019 and 2021 and saluted those who are currently serving.

Driving the news: "We expect everything of you, and it's beyond the capacity of anyone to meet the total expectations. Being a cop today is one hell of a lot harder than it's ever been," Biden said.