{"id":22348,"date":"2024-08-09T06:10:20","date_gmt":"2024-08-09T06:10:20","guid":{"rendered":"https:\/\/swn.af\/en\/?p=22348"},"modified":"2024-08-09T07:07:13","modified_gmt":"2024-08-09T07:07:13","slug":"roadside-forex-traders-asked-to-get-registered","status":"publish","type":"post","link":"https:\/\/swn.af\/en\/2024\/08\/roadside-forex-traders-asked-to-get-registered\/","title":{"rendered":"Roadside forex traders asked to get registered"},"content":{"rendered":"<p><strong>KABUL (SW) &#8211; The roadside forex traders around the main &#8216;Sarai Shahzada&#8217; currency exchange market in Kabul have been directed by the Afghanistan Central Bank\/Da Afghanistan Bank (DAB), to get registered.<\/strong><\/p>\n<p>A number of such traders told Salam Watandar they have been asked to get letter of guarantees via regular traders and get registered with the DAB.<\/p>\n<p>Currency exchange dealers are facing significant challenges following a recent decision by the Afghanistan Central Bank. According to the dealers, no exchange bureau is willing to offer them the necessary guarantees, leading to substantial disruptions in their business operations.<\/p>\n<p>Mohammad, one of these dealers, says, &#8220;The main issue is that we are being sidelined because we lack licenses. The Central Bank has stated that a licensed dealer can guarantee three to four roadside dealers, but we don&#8217;t have such connections with licensed dealers, which is why we are being excluded from doing business.&#8221;<\/p>\n<p>The roadside forex dealers operating without licenses in Sarai Shahzada, are calling on the Central Bank of Afghanistan to allow them to continue their activities.<\/p>\n<p>Abdul Hamid, adds, &#8220;We urge the Central Bank officials to show compassion and allow people to continue their businesses so that they can earn a legitimate living and support their families.&#8221;<\/p>\n<p>Meanwhile, the officials of the Sarai Shahzada Currency Dealers&#8217; Union in Kabul also ask the Central Bank to reconsider its decision.<\/p>\n<p>Abdul Rahman Zerak, spokesperson for the union, says, &#8220;We appeal to the Central Bank to allow dealers to return to work. Each of them is the head of a family and supports their households through this work.&#8221;<\/p>\n<p>Hasibullah Noori, spokesperson for the Central Bank of Afghanistan, however, tells Salam Watandar that a new law on currency services and trading has recently been enacted by the leader of the Islamic Emirate. &#8220;According to this law, roadside dealers must obtain licenses to continue their activities.&#8221;<\/p>\n<p>According to Central Bank statistics, more than 1,000 currency dealers and 600 exchange agencies have been issued licenses for operation.<\/p>\n<h6><strong><em>ENDS<\/em><\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>KABUL (SW) &#8211; The roadside forex traders around the main &#8216;Sarai Shahzada&#8217; currency exchange market in Kabul have been directed by the Afghanistan Central Bank\/Da Afghanistan Bank (DAB), to get registered.<\/p>\n","protected":false},"author":9,"featured_media":7042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990,16,981,8,6,7],"tags":[],"class_list":["post-22348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-report","category-economy","category-governance","category-afghanistan","category-headline"],"views":65,"_links":{"self":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/22348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/comments?post=22348"}],"version-history":[{"count":5,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/22348\/revisions"}],"predecessor-version":[{"id":22381,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/posts\/22348\/revisions\/22381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media\/7042"}],"wp:attachment":[{"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/media?parent=22348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/categories?post=22348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swn.af\/en\/wp-json\/wp\/v2\/tags?post=22348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}