Afghanistan suffers trade blow as China halts dollar deals with its banks

Exclusive: Afghanistan suffers trade blow as China halts dollar deals with its banks | Reuters:
"The impact on business had been felt immediately.
Despite intense pressure from Western backers, Afghanistan has so far failed to pass laws meeting global standards against money laundering and terrorist financing.
That has prompted banks from various countries to halt trade with its commercial banks.
The Chinese move was part of a trend that was making it increasingly difficult for the banks to execute international transactions, Delawari said.
"Some of our banks cannot do any direct transactions" because their correspondent banks in the United States, Europe, Germany or Turkey had halted dealings, he said. "Now even transferring money to China to import goods has been affected."