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

International conference on strengthening trade between Central Asia and Afghanistan

An international conference aimed at strengthening trade between central Asian countries and Afghanistan was held in Balkh, Mazar-e-Sharif. More than

Afghanistan's major dam project remains under onslaughts

Afghanistan’s major Shah and Aros dam in the Shakardarah District of Kabul province was under heavy rocket shelling for three

Afghan and German policy-makers discuss budgeting to integrate gender perspectives

Afghan-German researchers presented their findings on Gender Responsive Budgeting, compiled over the last three months, at their first open dialogue

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Your e-mail address will not be published.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.