News
Afghanistan’s central bank to auction $15 million to stabilize Afghani
Afghanistan’s central bank has announced an auction of $15 million to stabilize the Afghani, inviting bids from moneychangers, private banks, and other eligible providers. This effort continues the bank’s ongoing measures to prevent further devaluation of the currency.
Afghanistan’s central bank announced on Monday that it will auction 15 million U.S. dollars in a bid to maintain the stability of the national currency, the Afghani.
The auction is aimed at preventing further devaluation of the currency.
In a statement posted on its X account, Da Afghanistan Bank specified that bidders, including moneychangers and private banks, must deposit the equivalent amount in Afghani in cash at the central bank.
The bank has called on eligible banks, foreign exchanges, and monetary service providers to participate in the auction.
Over the past three years, the central bank has injected millions of U.S. dollars into the money exchange market to stabilize the Afghani.
ALSO READ : Tunji-Ojo orders probe into Kogi prison break
Since taking power in August 2021, the Afghan interim government has implemented various measures to safeguard the value of the currency against foreign currencies.
As of now, the exchange rate stands at approximately 70.50 Afghani for one U.S. dollar.
-
Latest5 days agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Latest6 days agoArsenal eye €70-80m move for Real Madrid star
-
Football3 days agoHow David Beckham made $51.1m from 2026 World Cup, surpassing winners’ prize
-
Crime6 days agoPolice arrest suspect, launch manhunt for 2 others over Delta Education Director’s death
-
Latest5 days agoHow adulterated palm oil, coloured pepper are putting consumers at risk
-
Crime5 days agoDeaths in NSCDC Custody: Can Nigeria guarantee the safety of detainees?
-
Latest6 days agoObi left $155m in Anambra, Otti insists amid debt controversy
-
Crime6 days ago184.5kg Cocaine Bust: NDLEA docks KC Luxury, two accomplices, remands them in custody