City
Epaper

Afghanistan injects $11 mn to stabilise local currency

By IANS | Updated: June 13, 2022 02:15 IST

Kabul, June 13 Afghanistan's central bank injected $11 million into the local market in a bid to strengthen ...

Open in App

Kabul, June 13 Afghanistan's central bank injected $11 million into the local market in a bid to strengthen the national currency, afghani, Da Afghanistan Bank (DAB) said.

The DAB was requesting all eligible banks, foreign exchange and monetary service providers to participate in the auction scheduled on Monday, according to a DAB statement on Sunday.

"In auction bids, partial settlement of currencies is not allowed and the winners of the auction must deposit to Da Afghanistan Bank their money at one time in cash," the statement said.

The US dollar has depreciated against afghani, compared with a couple of weeks ago. Earlier this week, the DAB conducted auctioning of $13 million, Xinhua news agency reported.

Since the Taliban's takeover of Afghanistan in mid-August 2021, the United States has frozen more than $9 billion of assets of Afghanistan's central bank and thus undermined the banking system in the war-torn country.

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

Tags: AfghanistanXinhuaKabulAfgDa afghanistan bankAfghanistan talibanAfghanistan-da afghanistan bankCentral bank-da afghanistan bankCentral bank of afghanistanAfghan central bank
Open in App

Related Stories

CricketZimbabwe Clinch First Home Test Victory Since 2013 With Dominant Win Over Afghanistan

Cricket'Immoral and Barbaric': Rashid Khan Reacts After Pakistan Airstrikes Kill 3 Cricketers in Afghanistan

InternationalPakistan-Afghanistan Conflict: At Least 15 Civilians Killed, Over 100 Injured in Pakistani Artillery Fire in Kandahar

CricketAFG vs BAN 2025 3rd ODI Highlights: Afghanistan Thrash Bangladesh by 200 Runs to Sweep ODI Series 3–0

InternationalIndia to Reopen Embassy in Kabul Four Years After Taliban Takeover of Afghanistan

Politics Realted Stories

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days

NationalBJP Candidate Satish Kumar Leading Over Tejashwi Yadav in Raghopur Assembly Constituency

NationalBihar Assembly Election Results 2025: Tejashwi Yadav Leads, Tej Pratap Trails in Early Trends