Afghanistan remittance payouts limited to local currency
Afghanistan’s central bank has ordered banks to pay out remittances in local currency only. The scarce in U.S. dollars can be preserved by this way according to the sources. Hard currency remittances had become an important source of external finance for Afghanistan. But after the conquest of Taliban, the dollar availability has dried up. A directive from the […]
Western Union resumed services to Afghanistan
Western Union Co and MoneyGram International Inc resumed money-transfer services to Afghanistan. This moves in line with a U.S. push to allow humanitarian activity to continue after the Taliban’s takeover. They had suspended more than two weeks ago, after the Islamist militia captured Kabul at lightning speed. There are many eases regarding the security concerns […]