Photo taken on Aug. 30, 2022 shows a view of Da Afghanistan Bank (DAB) in Kabul, Afghanistan. (Photo by Saifurahman Safi/Xinhua)
KABUL, Aug. 6 (Xinhua) -- Afghanistan's central bank Da Afghanistan Bank (DAB) put on auction 13 million U.S. dollars on Sunday to keep the country's national currency afghani stable against foreign currencies, a statement of the bank said.
According to the statement, DAB has called upon qualified banks and money exchange companies to attend the bidding and the winner should pay in cash.
Photo taken on Feb. 6, 2022 shows Afghani banknotes in Kabul, Afghanistan.(Photo by Saifurahman Safi/Xinhua)
The afghani was tumbling against foreign currencies, especially the U.S. dollar, over the past couple of weeks as the exchange rate of 1 U.S. dollar stands currently at 85.5 afghanis, compared to 85.4 afghanis last week.
In efforts to keep the afghani strong and check depreciation against other currencies, the DAB has injected millions of U.S. dollars into the money exchange market over the past few months.
The DAB earlier on July 19 also sold 14 million U.S. dollars via auction to stabilize afghani. ■
