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DAB suspends operations of money changers in five provinces
Da Afghanistan Bank (DAB) said Wednesday activities of unlicensed money changers in Herat, Khost, Helmand, Ghazni and Kandahar provinces have been suspended.
This includes money changers who have not obtained trading licenses and money changers who have not extended their licenses.
DAB spokesperson Hasibullah Noori said the institution wants to provide financial services through companies.
The money changers, however, said they support the monetary policy of the central bank, adding that they should be given a license to operate and facilities should be provided for them in the distribution of the license.
Meanwhile, economic experts stated that money changers should be regulated.
“The only way that you can prevent the smuggling of dollars out of Afghanistan and prevent money laundering to a large extent is setting up a system for money changers,” said Shabir Ahmad Bashiri, an economist.
DAB officials stated only money changers who are licensed to operate will be allowed to conduct business.
DAB has already distributed permits to more than 1,000 money changers across the country – all of whom work through companies.
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Continued aid to Afghanistan vital for regional security: Kazakh president
Kazakhstan’s President Kassym-Jomart Tokayev has emphasized the continuation of humanitarian assistance to Afghanistan, stating that the ongoing provision of such aid plays an important role in ensuring regional security.
Speaking at the international conference “Peace and Trust” in Ashgabat, the capital of Turkmenistan, Tokayev described addressing complex humanitarian challenges and the reconstruction of Afghanistan as a necessity.
“To ensure regional security, we consider it essential to continue providing assistance to Afghanistan, including by strengthening international efforts to address complex humanitarian issues and the reconstruction of this country. Kazakhstan remains committed to supporting the people of Afghanistan through humanitarian aid, educational projects, trade development, and food security initiatives,” he said.
Meanwhile, experts believe that sustainable improvement of the humanitarian situation in Afghanistan requires broad cooperation from the international community and support for the country’s economic development.
“Investment can be defined as one of the fundamental drivers of the economic cycle, and whenever Afghan traders do not take their money out of the country and instead invest domestically, it naturally leads to greater growth and dynamism in Afghanistan’s economy,” said Abdul Zahoor Modabber, an economic analyst.
As the humanitarian crisis in Afghanistan continues, reports by international relief organizations indicate that millions of citizens of the country are in urgent need of food, health, and livelihood assistance.
The reduction in funding for aid organizations, the impacts of climate change, and the return of migrants have increased concerns about a further deterioration of the humanitarian situation in the country.
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Islamic Emirate declines to attend Tehran meeting on Afghanistan
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Sirajuddin Haqqani: A government that intimidates its people is not a true government
Khalifa Sirajuddin Haqqani, Minister of Interior of the Islamic Emirate of Afghanistan, said during a visit to Khost province on Friday that any government which rules through fear cannot be considered a true government.
“A government is one that is loved by its people, one that serves them with respect and compassion, and from whose behavior people learn ethics and sincerity,” he said.
Haqqani also stressed that Afghans who opposed the Islamic Emirate in the past should be tolerated and treated in a way that helps eliminate hostility and animosity, paving the way for national cohesion.
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