Sources at the Saray Shahzada in Kabul say that the currency exchange center has been closed to clients due to new conditions imposed by the Central Bank.
The money changers’ union at the Prince’s Palace told reporters on Tuesday, the 19th of Aquarius, that the new conditions imposed by the Central Bank were not fair, which is why they closed the gate to the clients.
The deputy head of the money changers’ union also endorsed the ban on “booli” or the free sale of currency in the prince’s palace.
The central government of the Taliban, the head of the Taliban group, says that based on the group’s cabinet decision, it has set nine conditions for obtaining licenses for monetary and exchange services companies.
Under these conditions, in large cities such as Kabul, Herat, Kandahar and Balkh, the applicant must have at least 50 million Afghanis in resources.
According to a letter from the Central Bank issued by the Union of Money Changers and Money Service Providers, the financial resources needed to establish an exchange company and monetary services in other provinces have been set at up to 10 million Afghanis.
Under the new conditions, monetary and exchange service providers must have a guarantee of five million afghanis in the central bank, and this amount can be repaid when the license is revoked.
The Central Bank of France has set the monetary and exchange services companies at 200,000 afghanis during the process and extension of the license. According to the bank, the licenses of these companies are renewed every three years.
The declaration states that money launderers and suppliers of unlicensed monetary services will be dealt with legally if the deadline is not met.