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Afghan central bank to inject USD12M to stabilise local currency

KABUL (XINHUA) – Afghanistan’s central bank, the Da Afghanistan Bank (DAB), said yesterday it would further inject USD12 million into the local market to boost the national currency afghani.

The DAB said in a statement that it was requesting all eligible banks and monetary service providers to participate in the auction scheduled for today.

“In auction bids, partial settlement of currencies is not allowed and the winners of the auction must deposit in the Da Afghanistan Bank their money at one time in cash,” the statement said.

The US dollar has depreciated against the Afghani compared with a couple of weeks ago. The DAB conducted auctioning of USD11 million earlier this week.

Afghani banknotes in Kabul, Afghanistan. PHOTO: XINHUA

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