The Afghan central bank has about $7 billion in assets held in the Federal Reserve Bank of New York, which were deposited before the Taliban took over the country last year.
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- Relatives of victims of the Sept. 11 attacks have sought access to the money through the courts after winning judgments against the Taliban years ago.
- Meanwhile, Afghanistan’s economy has collapsed, leaving the country in dire humanitarian straits and prompting calls for relief spending.
- For months, the White House has deliberated how to address the funds while ensuring no benefit goes directly to the Taliban, a senior administration official said, adding that the process will happen in coordination with allies and may take several months.
- The United States and international partners spent trillions of dollars of aid on Afghanistan through the two-decade mission, which ended in August last year.
- Joe Biden signed an executive order to initiate the process on Friday.
Political | Process 
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