• Email Us: [email protected]
  • Contact Us: +1 718 618 4351
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

U.S. Treasury allows personal remittances to flow to Afghanistan

September 2, 2021 by David Barret Leave a Comment

September 2, 2021

WASHINGTON (Reuters) – The U.S. Treasury Department has told financial institutions that they may process personal remittances to Afghanistan, a Treasury spokesperson said on Thursday.

The news could provide some relief for the Afghan economy, which is nearing collapse after moves by the United States and other countries to halt foreign aid and freeze some $9 billion in Afghan assets after the Taliban takeover on Aug. 15.

Many Afghans rely heavily on payments from migrant workers overseas, with such remittances https://ift.tt/3tn1iZr to an estimated $789 million in 2020, or just over 4% of the country’s gross domestic product, according to World Bank data.

Western Union https://ift.tt/2WQRxXj, the world’s largest money transfer firm, and Moneygram both suspended such services after the Taliban takeover, shutting off a major source of funds that many families rely on to pay for food.

Western Union https://ift.tt/3By0Udl told Reuters on Thursday it is resuming money-transfer services to Afghanistan, saying the decision was in line with a U.S. push to allow humanitarian activity to continue after the Taliban’s takeover.

(Reporting by Andrea Shalal; Editing by Angus MacSwan)

Source Link U.S. Treasury allows personal remittances to flow to Afghanistan

David Barret
David Barret

Related posts:

  1. Oil rises on declining inventories and weaker dollar
  2. PUBG: New State goes for pre-registrations in India for Android and iOS
  3. Xi says China to set up stock exchange in Beijing
  4. The Fujifilm GFX50S II is the cheapest digital medium format camera ever

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • TWIS: Orcas Ramp Up Their Boat-Destroying Tactics, Billion-Year-Old Rocks Reveal Ancestral “Lost World”, And Much More This Week
  • 100,000 Soldiers: A Geological Oddity Not Seen Anywhere Else In The World
  • Most Expensive Pink Diamond Sells For Record $34 Million In Just 2 Minutes
  • Some Think Shilajit Is An “Elixir Of Life,” But What Does The Science Say?
  • US “Doomsday” Plane, Capable Of Surviving Nuclear War, Just Got A Big Revamp
  • Who Were The Real Aryans Before The Name Got Co-Opted By Racists?
  • After Months Of Warnings, El Niño Has Been Officially Declared
  • “Elixir Of Life”: Single Amino Acid Could Boost Lifespan By 10 Percent
  • 12,000-Year-Old Bone Flutes Discovered Sound Amazingly Like Birds Of Prey
  • Three New Shipwrecks Found In The Mediterranean, Dating Back As Far As 100 BCE
  • The Biggest Ammonite Fossil Ever Found Was A Whopping 1.8 Meters
  • RNA-Editing Octopuses Rewire Their Brains To Cope With Drops In Temperature
  • New 99-Million-Year-Old Dinosaur Species Discovered In Utah
  • Rebound Relationships: What They Are And Why They Can Work Better Than You Think
  • Aggressive Rabid Moose Becomes The First Ever Detected In Alaska
  • Are Billionaires’ Extreme Youth-Extending Measures Really Worth It?
  • Is A Mysterious Cipher Concealed Within The “Alchemical Hand Bell”?
  • IFLScience The Big Questions: Is Jurassic Park Possible?
  • Greenhouse Gas Emissions At “All-Time High,” Pushing Planet To Its Limits
  • Parents Who Phub Could Push Their Kids Towards Phone “Addiction”
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 618 4351
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2023 · Medical Market Report. All Rights Reserved.

Go to mobile version