Afghanistan's Central Bank to Auction 16 Million More USD to Stabilize Local Currency
TEHRAN (ANA)- Afghanistan's central bank Da Afghanistan Bank (DAB) will auction 16 million US dollars to stabilize the exchange rate of the national currency, a statement of the bank said.
Afghanistan's national currency, the afghani, has been tumbling against foreign currencies, especially the US dollar. The exchange rate of one US dollar increased from last week's 88 afghanis to 89.50 afghanis at the moment.
The DAB has injected millions of US dollars into the country's money-exchange market over the past month in an effort to prevent the fall of afghani against foreign currencies.
The DAB also auctioned up to 16 million US dollars last week.
Afghanistan has received nearly 2 billion US dollars in cash over the past year as part of the international community's humanitarian aid to stabilize the war-torn country's economy.
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