Afghanistan’s Central Bank to sell USD 40mn

by Wadsam | August 27, 2015 5:40 pm

Afghanistan’s central bank, Da Afghanistan Bank (DAB), has announced to sell USD 40mn on Saturday, 29 August 2015.

DAB has 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.

Last week, the Bank put on sale USD 35mn following the decline in the value of the Afghani currency against the US dollar.

The US dollar is currently standing at 65.00 against the Afghani in Sarai Shahzada, Afghanistan’s largest financial institution located in capital Kabul.

Source URL: http://wadsam.com/afghan-business-news/afghanistans-central-bank-to-sell-usd-40mn-232/