Saturday, February 4, 2023

Afghanistan Central Bank to Auction $14 Million to Strengthen Afghani

Immigration News

Nizamuddin Rezahi
Nizamuddin Rezahihttps://www.khaama.com
Nizamuddin Rezahi is a journalist and editor for Khaama Press. You may follow him @nizamrezahi on Twitter.

The Central Bank of Afghanistan (Da Afghanistan Bank) has announced that it will auction $14 million today (Monday) to stabilize the value of Afghan currency in the market.

In a fresh announcement, the Central Bank of Afghanistan has called on qualified private banks and exchange companies to participate in this auction, aimed at maintaining the value of the local currency against the United States Dollar.

As per the announcement of Da Afghanistan Bank, the winners of the auction are obliged to liquidate their accounts by the end of the day.

According to Afghanistan’s Central Bank, $40 million part of the International Community’s cash aid had arrived in the country.

After the declaration of Da Afghanistan Bank, the United Nations Assistance Mission in Afghanistan (UNAMA) stated that the announcements of non-UN entities about cash shipments in the country are misleading and unhelpful.

UNAMA has also reiterated that the amount of cash dispatched to Afghanistan directly depends on the humanitarian aid programs of this institution.

This comes as Afghanistan’s Central Bank on Saturday announced that a $40 million fresh aid package had been shipped to the country. This cash aid arrived in Kabul after weeks of silence and rumors that the international community had intentionally ended the aid package in response to the latest restrictions by the Taliban authorities barring women from university education and employability at government and non-government aid organizations.  

According to the central bank, so far, 22 $40 million and 30 $32 million aid packages have been dispatched to Afghanistan. After the return of the Taliban to Power in August 2021, the international community’s cash aid packages reach a total of $1.833 billion.

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