Thousands of money exchangers shut shop across Afghanistan on Sunday after Taliban authorities imposed a steep hike in licence fees, the brokers' commission
said, in a bid to slow down money laundering and terrorism financing according to financial analysts.
"Thousands of money exchangers are shut in most parts of the country to protest against the central bank's conditions," Abdul Rahman Zeerak, spokesman for Afghanistan's Money Exchange Commission, told AFP.Zeerak also claimed the bank is insisting transactions are conducted online under new licences and brokers must have a minimum of 50 million Afghanis to operate.
While informal money exchangers provide a vital service, they also lack oversight and analysts say their system can be used to launder money and finance militant organisations.
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