KABUL (SW) – The Afghanistan Central Bank/ Da Afghanistan Bank (DAB) has announced that in order to maintain and stabilize the value of the Afghani currency, it will inject 27 million US dollars in the open market on Wednesday.
The bank has requested that eligible banks, exchange companies, and forex service providers to participate in this auction.
The bank has stated that the auction winners are obligated to settle their accounts by the end of the auction day.
The bank stated: “In foreign exchange auctions, partial settlement of transactions is not allowed. Auction winners are required to deliver their funds in full, in cash, to Da Afghanistan Bank/The Central Bank of Afghanistan within the specified time.”
Previously, the bank injected millions of dollars through similar auctions to maintain and stabilize the value of the afghani.
It is worth mentioning that today, one dollar was sold for more than 79 afghanis in Kabul on Tuesday.
A day earlier, the bank stated that a meeting was held under the chairmanship of Noor Ahmad Agha, the acting head of the bank, with the heads of commercial banks regarding the stability of the afghani and the development of banking sector activities.
