KABUL (SW) – In a bid to maintain and stabilize the value of the afghani currency, the Da Afghanistan Bank will auction 15 million US dollars on Monday said an official statement.
The bank has asked eligible banks and exchange and money services companies to participate in this tender.
The central bank 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”.
The bank has previously sold millions of dollars through similar auctions in order to maintain and stabilize the value of the afghani.
ENDS
