KABUL, May 11 (NNN-ANA) – Afghanistan’s central bank, the Da Afghanistan Bank (DAB), said yesterday, it would further inject 12 million U.S. dollars into the local market, to boost the national currency, afghani.
The DAB said in a statement that, it was requesting all eligible banks and monetary service providers, among others, to participate in the auction scheduled for today.
“In auction bids, partial settlement of currencies is not allowed, and the winners of the auction must deposit in the Da Afghanistan Bank, their money, at one time in cash,” the statement said.
The U.S. dollar has depreciated against afghani compared with a couple of weeks ago. The DAB conducted auctioning of 12 million U.S. dollars late in April.
Since the Taliban’s takeover of Afghanistan in Aug, last year, the United States has frozen more than nine billion U.S. dollars of assets of Afghanistan’s central bank, thus undermining the banking system of the country.
