Economy, finance and labor

Executive Order 14064: Protecting Certain Property of Da Afghanistan Bank for the Benefit of the People of Afghanistan

President: Joseph R. Biden Jr.

Blocked specified Da Afghanistan Bank assets held in the United States and directed preservation of part for the benefit of the Afghan people while terrorism victims pursued judgments.

Status: In effect. Is Executive Order 14064 still in effect? Yes. Executive Order 14064 remains in effect. See Federal Register record.

A bank vault and financial documents appear beside Afghan community and humanitarian scenes.
Protection of specified Afghan central-bank property, illustrated symbolically; not proof of a transfer, ownership judgment or aid payment. EO Explained · site-generated editorial illustration · not documentary evidence.

What does Executive Order 14064 do?

Treasury was assigned to administer blocking and licenses for covered central-bank property, with any transfer requiring lawful implementing action.

Administration position: The order’s findings and policy rationale were the Biden administration’s positions. This guide distinguishes them from implementation records and judicial rulings.
SignedFebruary 11, 2022
Lead officialsTreasury, Federal Reserve Bank of New York and State Department
Express timingEffective immediately; licensing and disposition followed

Before and after

Before the order

DAB reserves in New York were already immobilized after the Taliban takeover, while judgment creditors sought attachment.

After the order

Treasury licensed a transfer of about $3.5 billion to the Swiss-based Afghan Fund. Federal courts held that judgment creditors could not attach DAB property on the record before them; remaining assets stayed protected subject to law and licenses.

Who had to do what

Agency / officeActionTiming / position
TreasuryBlock and license covered DAB propertyImmediately and ongoing
Federal Reserve Bank of New YorkHold or transfer assets as lawfully directedOngoing
StateSupport arrangements benefiting AfghansDuring implementation

What happened next

EO 14064 signed.

Protection and licensed arrangements remain the operative framework.

Reviewed court position

Court status

See the court documents in Sources by type.