The Afghan Money Changers Association has suspended its activities due to licensing problems

The National Union of Money Changers and Monetary Services of Afghanistan has announced that due to problems in obtaining a license from the government, all money changers in the country will close their shops and stop their activities until this problem is solved.

The resolution issued by this union today states: We have raised our problems for the Economic Commission of the Islamic Emirate and until we solve the problems of money changers in terms of corporate licenses, we will close our shops and stop all our activities and transactions until the problems are solved.

The resolution emphasizes that this decision is not against the Islamic Emirate and was taken out of coercion.

Earlier, the central bank had announced that monetary and exchange services companies in major cities, including Kabul, Herat, Kandahar and Balkh, should have 50 million Afghanis to obtain a license.

According to a letter issued by the bank, the amount is set at 10 million Afghanis for monetary and exchange services companies located in other provinces.