Wednesday, June 12, 2024

Central Bank of Afghanistan to auction $16 million on Tuesday

Immigration News

Fidel Rahmati
Fidel Rahmati
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati

On Monday, the Central Bank of Afghanistan announced the auction of $ 16 million US Dollars due to a recent increase in the relative value of the US dollar.

The bank emphasized through a message on social media platform X that this money would be sold in the market for exchange.

The Central Bank of Afghanistan has requested eligible banks, money exchangers, and financial services to participate in the bidding, and the winners are required to settle their accounts by the end of the exchange period.

This comes as the dollar’s value against the Afghan currency has recently decreased.

Previously, the Central Bank of Afghanistan has put millions of dollars into the exchange to preserve and stabilize the value of the Afghan currency.

It is worth mentioning that one US dollar is currently exchanged for more than 80 Afghanis in the country’s markets.

The World Bank has also said in a recent report that the value of the Afghan currency against foreign currencies is in a stable position.

Furthermore, the stability of Afghanistan’s currency against foreign currencies has also been influenced by the cash aid package provided by the US.

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