Afghan Central Bank sells USD 12mn in the market

by Wadsam | February 6, 2016 8:57 am

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.

Source URL: https://wadsam.com/afghan-business-news/afghan-central-bank-sells-usd-12mn-in-the-market-232/