DAB poised to auction $16m tomorrow

KABUL (Pajhwok): The central bank is all poised to auction 16 million US dollars on Tuesday to keep the afghani stable.

In a statement on X, Da Afghanistan Bank invited eligible lenders and money-exchange services to take part in the auction.

The winners will have to settle their accounts by the end of the day, according to DAB, which said partial payments were unacceptable.

Partial transactions are not permissible and the winner is required to deposit the amount in cash.

The central bank is auctioning dollars as the greenback rate against the Afghan currency has decreased in recent days.

hz