KABUL, Aug 6 (NNN-ANA) – Afghanistan’s central bank, Da Afghanistan Bank (DAB), announced yesterday, to put on auction 13 million U.S. dollars today, to keep the country’s national currency, the afghani, stable against foreign currencies, a statement of the bank said.
According to the statement, DAB has called upon qualified banks and money exchange companies, to attend the bidding and the winner should pay in cash.
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 85.5 afghanis, compared to 85.4 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 few months.
The DAB earlier, on Jul 19, also sold 14 million U.S. dollars via auction, to stabilise the afghani.
