Open market to recieve $ 16 million boost

Topics: ,


KABUL (SW) – The Da Afghanistan Bank will inject $ 16 million more into the open market on Saturday, said an official statement on Tuesday.

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.