Afghanistan's central bank sells 14 mln USD to stabilize afghani

Afghanistan central bank Da Afghanistan Bank

KABUL, July 19 (Xinhua) -- Afghanistan's central bank Da Afghanistan Bank (DAB) sold 14 million U.S. dollars via auction on Wednesday, in an effort to keep the country's national currency the afghani stable against foreign currencies, a statement of the bank said.

The afghani was tumbling against foreign currencies, especially the U.S. dollar, over the past couple of weeks, as the exchange rate of 1 U.S. dollar stands currently at 86.5 afghanis, compared to 85.5 afghanis last week.

In efforts to keep the afghani strong and check depreciation against other currencies, the DAB has injected millions of U.S. dollars into the money exchange market over the past couple of months.

Afghanistan has received more than 2 billion dollars in cash as part of the humanitarian assistance provided by the international community to save the impoverished country's economy from collapse.