Afghanistan’s central bank, Da Afghanistan Bank, has announced plans to auction 16 million US dollars on Monday as part of ongoing efforts to stabilise the national currency, the afghani.
In a statement shared on its social media platform X, the bank urged participants, including money changers and private banks, to deposit the equivalent amount in afghanis in cash directly with the central bank.
The statement also encouraged eligible banks, foreign exchange operators, and monetary service providers to take part in the auction, underscoring its commitment to maintaining currency stability.
Over the past three years, Da Afghanistan Bank has injected significant amounts of US dollars into the local exchange market, aiming to prevent depreciation of the afghani against foreign currencies.
