English | دری

Afghan Central Bank sells USD 12mn

in Afghan Business

Afghan Central Bank sells USD 12mn

The Afghan Central Bank, Da Afghanistan Bank (DAB), has announced to sell USD 12mn on Saturday.

DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank to participate in the bidding for the sale of the US dollars.

Those dealers who have not paid the aforementioned guarantee amount to the central bank can pay it to the Bank a day before the bidding starts and can participate in future bids. Partial settlements are not allowed by the Bank and the bidders are required to submit their guarantee up front during the period specified by the Bank.

The central bank plans to continue injecting US dollar into the market in a bid to control the rising value of US dollar against Afghani.



Related Articles

New geological center opens in Kabul

The British Ambassador to Kabul Domenic Jermey inaugurated a new geological center in Kabul on Monday. The USD 373,000 laboratory

World Blank provides $100mn in aid package to Afghanistan

The Afghan government and the World Bank signed a Memorandum of Understanding (MoU) for a new aid package worth USD

Business climate deteriorated in Afghanistan: ACCI Business Tendency Survey Report

The Business Tendency survey report by the Afghan Chamber of Commerce and Industries (ACCI) indicated a negative business climate for

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.