The process of distributing membership cards for participation in the foreign exchange market, known as “Boli” in the city of Mazar-i-Sharif, the capital of Balkh province, has officially begun. This move is part of efforts to regulate the currency market.
Officials from one of the commercial centers in Mazar-i-Sharif have announced that the official activities of this market have started, and in the first phase, membership cards have been issued and distributed to 200 money exchangers.
Ismatullah Ishaqzai, the head of this center, stated that approximately 100 people hold official licenses, and membership cards have been prepared and distributed to 200 money exchanger representatives. This process will continue in the coming days for other exchangers as well.
Meanwhile, Abdulqayum Rahimi, the head of the Balkh Money Exchanger Union, has called on exchange companies and money service providers to regularly participate in this market and conduct their activities through this channel.
Some money exchangers have welcomed the establishment of this market, considering it an important step towards increasing transparency and controlling the exchange rate. They emphasize that the current order in this structure can prevent illegal activities.
According to some money exchangers, this market has been created with a clear framework, and only individuals with membership and responsibilities are allowed to operate within it. The use of illegal financial resources is not permitted in this market.
Officials from the Ministry of Industry and Commerce in Balkh have also evaluated the establishment of this market as a significant step towards facilitating economic activities and improving the flow of capital, and they have emphasized continued support for the market actors.
Seyed Ahmad Niazi, the deputy of this department, stated that in addition to facilitating currency exchanges, the “Boli” market plays a crucial role in facilitating trade activities and meeting the daily financial needs of citizens.
“Boli” currency markets have been established in several provinces as one of the tools for managing exchange rates. The main goal of these markets is to reduce currency fluctuations and prevent opaque transactions in financial markets.
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