English | دری

Afghanistan Central Bank to auction 60 million US dollars

in Afghan Business

Afghanistan Central Bank to auction 60 million US dollars

US dollarsAccording to a press statement, Da Afghanistan Bank-DAB (Afghanistan’s Central Bank) will auction sixty millions dollars on Saturday (14th September ) and Tuesday (17th September).

All private banks and money-exchangers, which already have their guarantees deposited with the central banks’ Market Operations department, are requested to participate in this auction.

The winners of this auction must settle their accounts (T-1) with the bank within two days.

All interested bidders are requested to obtain the auction request form from the bank by 9:00 am on Saturday and return the completed forms to the bank officials by 9:30 am same day.

Money Exchangers, who have not yet deposited the required guarantee, can make the deposit one day ahead of the auction date so that they can participate in the next auction.

In order to keep the Afghani’s exchange rate against US Dollar within a stable range, the central bank has been selling millions of US Dollars on weekly basis through auctions.



Related Articles

Dubai visa issuance problem resolved: Afghan Department of Passport

The Afghan Department of Passport has announced that the problem with the issuance of the United Arab Emirates (UAE) visas

Badghis pistachio production plummets 50%

Pistachio yield in Badghis, Afghanistan’s leading province for pistachio cultivation, has declined by 50%, officials have reported. Covering about 30,000

New vocational training campus opens its doors in Balkh

A new campus for technical and vocational training and education (TVET) was officially opened in Takhta-Pul, approximately eight kilometres west

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Your e-mail address will not be published.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.