Afghanistan's central bank sells 14 mln USD to keep local currency stable-Xinhua

Afghanistan's central bank sells 14 mln USD to keep local currency stable

Source: Xinhua| 2023-05-09 18:40:00|Editor: huaxia

KABUL, May 9 (Xinhua) -- Afghanistan's central bank Da Afghanistan Bank (DAB) sold 14 million U.S. dollars by auction on Tuesday to stabilize the exchange rate of the national currency, the afghani, the bank said in a statement released here on Tuesday.

The afghani has been tumbling against foreign currencies, especially the U.S. dollar over the past couple of months. The exchange rate of one U.S. dollar increased from last week's 87.15 afghani to 88.26 afghani on Tuesday.

The DAB has injected millions of U.S. dollars into the country's money-exchange market over the past month to prevent the fall of the afghani against foreign currencies.

The Afghan central bank also auctioned 14 million dollars last week.

Afghanistan has received more than 2 billion dollars in cash over the past 18 months as part of the international community's humanitarian aid to prevent the economic collapse of the cash-strapped country.

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