Afghan central bank revokes individual licenses for money exchange services

DAB revoked all individual licenses and provided company licenses to 876 money exchange services last year to standardize and increase transparency in their activities.

Da Afghanistan Bank issued corporate licenses to 876 money changers and money service providers last year, according to a statement by the bank.

The regulations include non-banking financial institutions that include money changers, money service providers, electronic money, payment, and small loan institutions. (ILKHA)