KABUL (SW) – The central bank, Da Afghanistan Bank has announced that in order to maintain and stabilize the value of the afghani currency, it will auction 15 million US dollars on Tuesday.
The bank has asked eligible banks and exchange and money services companies to participate in the bidding.
The DAB has said that the winners of the auction are obliged to clear their accounts by the end of the auction day.
“Partial settlement of transactions is not allowed in currency auction bids. The winners of the tender are obliged to deliver the money owed to Da Afghanistan Bank/central bank of Afghanistan in cash once within a certain period”, it said in the statement.
The Da Afghanistan Bank has held similar auctions for millions of dollars in psst as well in order to maintain and stabilize the value of the afghani.
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