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US formalizes guidance allowing personal remittances to flow to Afghanistan
The United States on Friday formalized guidance allowing personal remittances to flow to Afghanistan, providing protection to senders and financial institutions from U.S. sanctions on the Islamic Emirate of Afghanistan (IEA) as the country faces a deepening humanitarian crisis and economic collapse.
The Treasury Department issued a general license authorizing transactions involving the U.S.-blacklisted IEA or Haqqani Network that are incident and necessary to the transfer of noncommercial, personal remittances to Afghanistan, including through Afghan depository institutions.
The license, which formalizes existing guidance given to financial institutions, is being implemented in an effort to ensure people can continue to send support to their families in Afghanistan, a Treasury spokesperson told Reuters.
Remittances from family and friends abroad have become critical lifelines for numerous Afghans struggling to buy food and meet other expenses amid an economic crisis.