As part of Washington’s ongoing work to address the humanitarian and economic crisis in Afghanistan, US President Joe Biden has signed an Executive Order allowing some of the frozen assets from the war-torn nation’s central bank to be distributed as assistance and to victims of the September 11, 2001 terror attacks, as per to a White House statement.
When Kabul fell to the Taliban in August 2021, Afghanistan had over $9 billion in reserves held in the name of Da Afghanistan Bank (DAB), or the central bank, outside of the country. This included $7 billion in reserves held in the US, with the rest of the reserves largely being in Germany, the UAE, Switzerland, and a couple of other states.
The White House statement issued by stating that Biden signed the Executive Order to help enable certain US-based assets belonging to the DAB, to be used to benefit the Afghan people. The statement further said that many American victims of terrorism, including relatives those who died in the 9/11 attacks, have brought claims against the Taliban and are pursuing the DAB assets in federal court.