KABUL, Nov. 23 (Xinhua) -- The Da Afghanistan Bank (DAB) decided to auction 17 million U.S. dollars as part of the country's efforts to stabilize the exchange rate of the national currency, the Afghan central bank said in a statement on Wednesday.
Afghanistan's currency, the afghani, has been tumbling against foreign currencies especially the U.S. dollar over the past couple of weeks. The exchange rate of one U.S. dollar was 88 afghanis last week, while it was 89 afghanis in local money-changing markets on Tuesday.
In the past few months, the crisis-stricken Afghanistan's central bank has injected millions of U.S. dollars into the country's money-changing markets in a bid to curb the depreciation of afghani against foreign currencies.
Afghanistan has received more than 1.5 billion U.S. dollars in cash over the past year as part of the international community's humanitarian aid to stabilize the war-ravaged Asian country's economy. ■