News Investigators/ Afghanistan’s central bank announced on Monday that it will auction 15 million U.S. dollars to maintain the stability of the national currency, the Afghani.
The central bank said in a statement posted on its X account that “the bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank Da Afghanistan Bank.’’
According to the statement, the bank was requesting all eligible banks, foreign exchanges and monetary service providers to participate in the auction.
The bank has injected millions of U.S. dollars into the money exchange market over the past three years, aiming at preventing the devaluation of the Afghani.
The Afghan interim government, since assuming power in August 2021, has taken a series of measures to maintain the stability of the Afghani against foreign currencies.
Currently, the exchange rate stands at about 70.50 Afghani for one U.S. dollar.
