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Afghan central bank auctions $15 mn to stabilise local currency

By IANS | Updated: July 2, 2024 11:35 IST

Kabul, July 2 Afghanistan's central bank auctioned $15 million on Tuesday to maintain the stability of the national ...

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Kabul, July 2 Afghanistan's central bank auctioned $15 million on Tuesday to maintain the stability of the national currency, the Afghani.

"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 central bank said in a statement posted on social media.

According to the statement, the bank was requesting all eligible banks, foreign currency exchangers and monetary service providers to participate in the auction, reports Xinhua news agency.

The bank also auctioned $15 million last week.

Since assuming power in August 2021, the Afghan caretaker government has taken a series of measures to maintain the stability of the Afghani against foreign currencies.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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