Afghanistan's central bank to auction 18 mln USD to keep local currency stable-Xinhua

Afghanistan's central bank to auction 18 mln USD to keep local currency stable

Source: Xinhua| 2025-01-18 19:00:45|Editor: huaxia

KABUL, Jan. 18 (Xinhua) -- Afghanistan's central bank announced on Saturday that it will auction 18 million U.S. dollars on Sunday to maintain the stability of the national currency, the afghani.

The afghani has been tumbling against foreign currencies, especially the U.S. dollar over the past several weeks and the exchange rate for one dollar has risen from 69.30 afghani last month to 73.38 afghani currently.

Da Afghanistan Bank, Afghanistan's central bank, has injected millions of dollars into the country's money-exchange market over the past several months to avoid the depreciation of the afghani against foreign currencies.

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