KABUL (SW) – The Islamic Emirate-run central bank, Da Afghanistan Bank, has announced it will continue to inject dollars into the foreign exchange market to counter the rising value of the dollar against the afghani.
The DAB said it would auction about $ 14 million worth of foreign reserves in the open market on Wednesday.
According to the bank’s newsletter, the bidding for the sale of this amount of dollars is scheduled for tomorrow (Wednesday, March 9). The central bank has asked eligible banks and exchange companies and monetary services to participate in the bid.
This is the second time in recent weeks that the central has injected US dollars into the market in recent weeks. Last month, the bank had auctioned about $ 14 million via a similar bidding process.
In recent months, the afghani has depreciated sharply against the dollar due to various reasons. One US dollar was selling for 88 afghanis in the main Sarai Shahzadeh, Afghanistan’s largest currency market
