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Afghan central bank injects 25 mln USD to keep stable local currency

0 Comment(s)Print E-mail Xinhua, February 5, 2025
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KABUL, Feb. 5 (Xinhua) -- Afghanistan's central bank injected 25 million U.S. dollars on Wednesday into the local market to boost the local currency afghani.

"The bidders, including money changers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank, Da Afghanistan Bank," the central bank said in a statement.

According to the statement, the bank requested that all eligible banks, foreign exchanges, and monetary service providers participate in the auction.

Over the past month, the bank has injected millions of U.S. dollars into the country's currency exchange market in an effort to stabilize the afghani and avert its depreciation against foreign currencies.

In recent weeks, the afghani has experienced a depreciation against the U.S. dollar. Currently, the exchange rate stands at about 73.50 afghani for one U.S. dollar, compared to about 69.30 afghani a month ago. Enditem

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