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Forex Traders Stage Protest in Kabul

11 Jun 2019 Wadsam Afghanistan Business News

Forex

traders gathered in front of a local forex trading firm in Kabul protesting

against the scam reports that have recently surfaced online.

The protestors

claimed that Albashir Exchange & MSP was a local forex trading firm in Kabul

that took their money and now they are not present to comment about the scam

reports.

The scam

plan has inflicted millions of dollars of loss, according to Money Exchangers Union.

Forex

trading, a virtual currency dealing trading places, started in Afghanistan in

2005 out of thin air and soon expanded among the youth—mostly the uneducated

and the low income.

Another

local company involved in the scam is Vision Financial Services whose

whereabouts is also not known.

“There

are rumors that managers of these companies have turned off their cell phones

and have closed their main offices. People are very worried and they think that

these people have fled,” Ahmad Shah, a businessman in Kandahar, tells Tolo

News.

Statistics show that billions of dollars have been taken out of Afghanistan under the pretext of forex trading since 2005.

The post Forex Traders Stage Protest in Kabul appeared first on Wadsam.

Original Link: https://wadsam.com/afghan-business-news/forex-traders-stage-protest-in-kabul/

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