The Kabul times, Afghanistan Trustable News Agency.
EconomicGovernmentNational

DAB to auction $15 mln Today

KABUL: Da Afghanistan Bank (DAB) or the country’s central bank will auction 15 million U.S. dollars to keep the local currency stable, according to a statement from the bank on Saturday. According to the statement, the bank would inject 15 million U.S. dollars into the market in the form of auctioning the greenback. “The DAB invites eligible commercial banks and exchange and monetary service companies to participate in the auction,” the statement said, adding the winners of the tender are required to settle their accounts by the end of the day. A partial settlement of transactions is not allowed and the winner must pay the money in one go and in cash. Previously, DAB had auctioned 16 million U.S. dollars to strengthen the local currency. The Kabul Times

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The Kabul times, Afghanistan Trustable News Agency.