NO. 15


Financial and Banking News

Regional Banking

Visa Receives Dispensation To Cover Some AFS Payments

Arab Financial Services (AFS), the Bahrain-based traveler's cheque andpayment card company which has had its dollar assets frozen by the US Treasury,will be able to honor payments due in respect of cheques issued before 20December, the date when the US blocking move took effect. The company says thatVisa International has notified banks and other encashment agencies...