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  4. Taliban shut key money-exchange market in Kabul, vendors pulled out

Taliban shut key money-exchange market in Kabul, vendors pulled out

A number of vendors said the closure of Boli has led to dozens of vendors losing their jobs and will lead to problems determining the real value of the Afghani against foreign currencies.

India TV News Desk Edited by: India TV News Desk
New Delhi Published on: January 19, 2022 8:02 IST
Taliban money market
Image Source : AP

Taliban close key money-exchange market in Kabul, vendors pulled out

Highlights

  • Money exchange market in Kabul's Boli market in Sarai Shahzada was shut
  • Boli is a market inside Sarai Shahzada where large amounts of money are exchanged
  • Vendors said the closure of Boli has led to dozens of vendors losing their jobs

A key money-exchange market in Kabul was shut down by the Taliban on Monday. According to details, the market in the city's Boli market in Sarai Shahzada was shut, while its vendors were pulled out. Boli is a market inside Sarai Shahzada where large amounts of money are exchanged and the Afghani's value against foreign currencies is determined.

A number of vendors said the closure of Boli has led to dozens of vendors losing their jobs and will lead to problems determining the real value of the Afghani against foreign currencies, reported Tolo News.

"Now we cannot change our money into dollars or Pakistani rupees. To whom we should sell? Boli is no longer active," said Farid Ahmad, a vendor.

"The Islamic Emirate has closed Boli market, while people are trying to make a living," said Sayed Hashim, another vendor.

In the past months, especially in December when the Afghani plunged in value against the dollar, Boli was also closed. However, the vendors were allowed to do business inside the Sarai Shahzada market. Now, it is not clear when the vendors will be allowed back to the market, reported Tolo News.

The Money Exchangers Union in Sarai Shahzada, the biggest money exchanging market in the country, said that based on a decision by the Islamic Emirate, the Boli market has been closed in Sarai Shahzada.

According to the union, a few days ago the Economic Commission of the Council of Ministers of the Islamic Emirate made a decision to close the Boli market, reported Tolo News. 

(With inputs from ANI)

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