KABUL (SW) – The National Association of Money Changers of Afghanistan has dubbed the new monetary policy by the Da Afghanistan Bank as ‘unjust’.
According to Da Afghanistan Bank’s new scheme, each money changer must deposit 5 million afghanis and each exchange company must deposit 5 million afghanis with the reserve bank.
The money changers’ association said the conditions of this scheme were harsh and added that money changers in the capital and provinces were unable to implement these demands.
Abdul Rahman Zirak, a spokesman for the money changers’ association at the Saray Shahzada Market in Kabul, said Da Afghanistan Bank’s decision was unfair.
According to him, he attended a meeting of the government’s economic commission and it was decided that the issue should be discussed again between the Ministry of Finance, Da Afghanistan Bank and the money changers’ association, but fortunately, the meeting has not been held yet.
Zirak added that money changers in all provinces of the country have expressed opposition to the implementation of Da Afghanistan Bank’s decision and called the implementation of this plan beyond their capacity.
Meanwhile, Da Afghanistan Bank spokesman Sabir Momand said it was impossible to change the plan approved by the government’s economic commission.
According to him, the scheme has now taken a practical form as many money changers have also extended their licenses and the process is still going on. “Now the process is underway, we are working with them, we will coordinate with them and we will share the result with you in the coming days,” he said.
It is noteworthy that the money laundering scheme was introduced in the previous government and money changers had protested against the decision. But the current government of the Islamic Emirate has once again called the plan applicable, which has provoked reactions from many money changers.
ENDS
