DAB to Auction another 16m USD by Wednesday


KABUL (BNA) Da Afghanistan Bank (DAB) said that it will put in auction 16 million U.S. dollars as part of efforts to keep the local currency afghani stable by Wednesday.

The Central Bank has asked eligible banks and money changer services to participate in the tender, adding that the winners of the auction are obliged to settle their 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, within a certain time, the bank added.

A day back, the central bank auctioned 16 million U.S. dollars to further strengthen the value of the Afghani currency.

The exchange rate of one U.S. dollar has been announced at 88.35 afghanis today, Tuesday.


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