Afghan central bank to auction $15 million to stabilise local currency
Afghanistan’s central bank announced on Monday that it will auction $15 million to maintain the stability of the national currency, the Afghani.
The central bank said in a statement posted on its X account that “the bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank Da Afghanistan Bank.’’
The bank requested all eligible banks, foreign exchanges and monetary service providers to participate in the auction.
It has injected millions of U.S. dollars into the money exchange market over the past three years, aiming to prevent the Afghani’s devaluation.
Since assuming power in August 2021, the Afghan interim government has taken a series of measures to maintain the stability of the Afghani against foreign currencies.
Currently, the exchange rate stands at about 70.50 Afghani for one U.S. dollar.
(Xinhua/NAN)
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