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Home Foreign Exchange

Taliban Closes Several Currency Exchange Shops in Spin Boldak, Kandahar

currencycoach by currencycoach
July 8, 2024
in Foreign Exchange
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Taliban Closes Several Currency Exchange Shops in Spin Boldak, Kandahar
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Sources told Afghanistan International that on Sunday, the Taliban closed several currency exchange shops in the Spin Boldak district of Kandahar, citing the lack of licenses.

This action has led to widespread dissatisfaction among money exchangers, prompting around 400 of them to close their shops in protest. As a result, the currency exchange market in this district is now completely shut down.

Sources reported that on Sunday morning, the Taliban entered the shops with weapons and threatened the owners.

Some shopkeepers stated that the Taliban have made the licensing conditions excessively difficult, preventing them from obtaining licenses.

The exchangers also complained that the Central Bank has set high costs for obtaining a license. They fear that if this situation continues, they will be forced out of business, leading to thousands of people becoming unemployed.

Local Taliban officials have not yet commented on the matter.



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Tags: BoldakclosesCurrencyexchangeKandaharshopsSpinTaliban
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