June 13, 2022
1 min read

Afghan central bank injects $11 mn to stabilise currency

The DAB was requesting all eligible banks, foreign exchange and monetary service providers to participate in the auction scheduled on Monday…reports Asian Lite News

 Afghanistan’s central bank injected $11 million into the local market in a bid to strengthen the national currency, afghani, Da Afghanistan Bank (DAB) said.

The DAB was requesting all eligible banks, foreign exchange and monetary service providers to participate in the auction scheduled on Monday, according to a DAB statement on Sunday.

“In auction bids, partial settlement of currencies is not allowed and the winners of the auction must deposit to Da Afghanistan Bank their money at one time in cash,” the statement said.

The US dollar has depreciated against afghani, compared with a couple of weeks ago. Earlier this week, the DAB conducted auctioning of $13 million, Xinhua news agency reported.

Since the Taliban’s takeover of Afghanistan in mid-August 2021, the United States has frozen more than $9 billion of assets of Afghanistan’s central bank and thus undermined the banking system in the war-torn country.

ALSO READ: HRW: Violations of women’s rights growing in Afghanistan

Previous Story

McDonald’s outlets reopen in Russia under new name

Next Story

ISI’s special powers cast shadow over Pak democracy

Latest from -Top News

Trinidad Eager to Deepen Ties with India: Envoy

Trinidad and Tobago, home to a large Indian-origin population—many of whom are now in their fifth and sixth generations—offered a unique cultural resonance to the visit….reports Asian Lite News Prime Minister Narendra

Labour peer David Lipsey found dead

In the House of Lords, Lord Lipsey was known for his dedication to social justice and his commitment to improving the lives of others The Labour peer, Lord David Lipsey, has been

UK Space Agency set to clean up space debris

Efforts to clean up space debris mark a pivotal step in the UK’s efforts to protect vital space infrastructure and ensure the long-term safety of the orbital environment The UK Space Agency

UK shuts both its Afghan resettlement schemes

According to the Ministry of Defence, the Afghan Relocations and Assistance Policy has fulfilled its initial objective of supporting Afghans who worked alongside the UK military The government has announced the closure
Go toTop

Don't Miss

OCHA: Afghanistan’s fate hangs on humanitarian assistance

According to OCHA, the Afghan people will require USD 4.62

Afghanistan receives $40 million cash aid

The cash aid arrived on Saturday and DAB, appreciating the