The Kabul times, Afghanistan Trustable News Agency.
EconomicNational

DAB auctions $17 mln in open market

KABUL: The Da Afghanistan Bank, the country’s Central Bank has auctioned 17 million U.S. dollars in order to maintain and stabilize the value of the Afghani currency, the bank said in a statement the other day. The DAB asked eligible banks and exchangers and money service companies to participate in this tender. The Afghanistan central bank said that the winners of the auction are obliged to clear their accounts by the end of the auction day. “Partial settlement of transactions is not allowed in currency auction bids. The winners of the tender are obliged to deliver the money owed to Da Afghanistan Bank/Afghanistan Central Bank in cash once within a certain period,” the statement said. The bank has previously sold millions of dollars through similar auctions in order to maintain and stabilize the value of the Afghani currency. The Kabul Times

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The Kabul times, Afghanistan Trustable News Agency.