As a result, these assets have been the subject of litigation, as victims of the September 11th attacks have attempted to take them in order to satisfy outstanding judgments against the Taliban.
Because of this, the Biden administration has proposed a plan that would transfer around half of these assets to a third-party trust where they may be utilized for the benefit of Afghans, while keeping the rest in place until the dispute is concluded.
[2] As part of Afghanistan's foreign exchange reserves, the central bank is thought to hold more than $9 billion in assets overseas.
Countries keep foreign exchange reserves for a variety of reasons, including facilitating international commerce and protecting the value of their own currency.
The administration's proposal would protect roughly half of the Afghan assets in question from these attachment efforts, allowing them to be used for a variety of future public policy purposes.