Share this Story: Afghanistan remittance payouts limited to local currency -sourcesAfghanistan remittance payouts limited to local currency -sourcesArticle content LONDON — Afghanistan’s central bank has ordered banks to pay out remittances in local currency only, the latest move to preserve scarce U.S. dollars, say sources familiar with the matter. Hard currency remittances have formed an important source of external finance for Afghanistan over the years but dollar availability has dried up in the aftermath of the Taliban’s conquest of the country. Try refreshing your browser, or Afghanistan remittance payouts limited to local currency -sources Back to video Western Union Co’s agent banking partners in Afghanistan received a directive from the country’s central bank in the last few days to pay out remittances in afghani only, said a source close to a money exchange provider. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below.

Source: National Post September 11, 2021 12:00 UTC