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DAB to Auctions 11 Mln USD On Tuesday

KABUL (BNA) Da Afghanistan Bank announced on Monday it would auction 11 million USD tomorrow, Tuesday.

Meanwhile, the Bank asked commercial banks, exchange companies, and monetary to attend the tender, adding in its statement received by BNA that the winners of the tender need to clear their past accounts by the end of the day.

Partial settlement of transactions is not allowed and the winners of the auction are obliged to deliver the money owed to Da Afghanistan Bank in cash once in a determined period, said the Bank.

Earlier, the central bank auctioned 10 million USD to keep the balance value of the Afghani against dollars.

Meanwhile, today, Monday the Afghan biggest money market (Saraee Shazade) announced one USD in exchange for 86.95 Afghanis in the market.

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