English | دری

Afghan Central Bank sells USD 12mn in the market

in Afghan Business

Afghan Central Bank sells USD 12mn in the market

Afghanistan’s central bank, Da Afghanistan Bank (DAB), has announced to sell USD 12mn in the market 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.


Tags assigned to this article:
Afghanistan Central BAnkDa Afghanistan Bank

Related Articles

Kandahar in need of paved roads

In an exclusive interview with the Pajhwok Afghan News (PAN), Kandahar Mayor Mohammad Omar Omar said Kandahar needed 300km roads

Afghanistan Signs Contracts Worth $12mn At GulfFood Expo

Exporters of high-value Afghan food products are showcasing their goods for international buyers this week at the Gulfood Exhibition, the

Afghan Finance Minister to attend JEC meeting next week

Afghan Finance Minister Eklil Hakimi will travel to Islamabad to attend the Joint Economic Commission (JEC) huddle which is slated

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Your e-mail address will not be published.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.