Central bank set to auction $15m tomorrow

KABUL (Pajhwok): The central bank is all poised to auction 15 million US dollars on Wednesday (tomorrow) to keep the afghani stable.

In a statement on its X account, 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.

Last week also, the central bank auctioned off $16 million as part of its strategy for bolstering the local currency.

kk/mud