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DAB to Auction $16 Million Tuesday

KABUL (BNA) Afghanistan Central Bank ‘Da Afghanistan Bank’ has announced it would auction $12 million in the market Tuesday through a bidding process to reduce the value of the US dollar against Afghani.

In a statement released by the bank, the country’s central bank asked eligible money changers, banks, and money services companies to take part in the bidding.

The statement added that individuals or companies that wanted to take part in the bidding process should clear their past accounts.

It is worth mentioning that the country’s central bank also auctioned $11 million in the market last week to reduce the value of the US dollar against Afghani.

W/A

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