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Afghan central bank to auction 20 mln USD to stabilize currency

0 Comment(s)Print E-mail Xinhua, April 9, 2025
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KABUL, April 9 (Xinhua) -- Afghanistan's central bank announced Wednesday that it will auction 20 million U.S. dollars on Thursday in a bid to maintain the stability of the national currency, the afghani.

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

Over the past month, the bank has injected millions of dollars into the nation's currency exchange market to stabilize the afghani and prevent its devaluation against foreign currencies.

Currently, exchange rate stands at about 72.50 afghani for one dollar. Enditem

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