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DAB to Auctions Another 15 Mln USD by Tomorrow

KABUL (BNA) Da Afghanistan Bank (DAB) said Saturday that it will put in auction 15 million U.S. dollars as part of efforts to keep the local currency afghani stable by Sunday.

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.

Last week, the central bank auctioned 17 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 88.20 afghani today, Saturday.

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