City
Epaper

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 ...

Open in App

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

Open in App

Related Stories

Maharashtra‘We Don’t Oppose Hindi, But…’: Shiv Sena (UBT) Burns GR Mandating Three-Language Policy at Azad Maidan Protest (Video)

InternationalHindu spiritual leader receives New York City honour at interfaith event

EntertainmentSuriya, Jyotika soak in island vibes with beach walks and scenic rides, fans call them 'couple goals'

EntertainmentKartik Aaryan Celebrates 2 Years of Satyaprem Ki Katha with a Heartfelt Post

NationalRajasthan minister Kirori Lal Meena leads crackdown on fake fertilizer mafia

Business Realted Stories

BusinessNTPC Renewable Energy fully commissions 220 MW Unit II of Shajapur solar project in MP

BusinessMP CM hails Gujarat’s legacy, to open industrial facilitation arm in Ahmedabad

BusinessGold, silver prices fall sharply this week; global trends, geopolitical easing behind dip

BusinessEthanol blending boosts farmers’ income, saves Rs 1.36 lakh crore in forex: Hardeep Puri

BusinessLarge American banks pass Fed's annual stress tests