English | دری

Afghanistan Central Bank sells USD 30mn as Afghani slumps

in Afghan Business

Afghanistan Central Bank sells USD 30mn as Afghani slumps

Da Afghanistan Bank (DAB), Afghanistan’s central bank, has put USD 30mn on sale on Tuesday.

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 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

Afghanistan signs contracts for the construction of dams with FAO

The contract for construction of small power and irrigation dams was signed between Afghan Minister of Energy and Water Mohammad

Money laundering on the rise in Afghanistan

The Afghan Central Bank, Da Afghanistan Bank (DAB), have expressed concerns about the increasing money laundering activities that are posing

Afghanistan’s First Space Satellite

The Council of Ministers last week approved the launch of Afghanistan’s first ever space satellite and sent expressions of interest

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Your e-mail address will not be published.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*