KABUL, Jul 17 (NNN-ANA) – Afghanistan’s central bank, Da Afghanistan Bank, announced yesterday that, it will put on auction 12 million U.S. dollars today, as part of efforts to keep the national currency stable, the state-run Bakhtar news agency reported.
The bidders, including moneychangers and private banks, should deposit the necessary money in cash, in afghani, as guarantee in the central bank before the auction begins.
Afghanistan’s national currency, the afghani, has been tumbling against foreign currencies, especially the U.S. dollar. The exchange rate of 1 U.S. dollar increased from last week’s 88.10 afghanis to 88.40 afghanis yesterday.
In similar efforts, the central bank auctioned 12 million dollars on Jun 20, and the same amount on Jun 27, to keep the national currency stable against foreign currencies.– NNN-ANA
