Sufficient financial resources at disposal: DAB

KABUL (Pajhwok): The Da Afghanistan Bank (DAB) says it has sufficient financial resources at its disposal and will meet the needs of money markets and financial institutions for Afghanis and other currencies if necessary, according to a statement on Sunday.

This comes that recently the value of afghani depreciated against dollar.

All citizens are hereby informed that this bank is closely monitoring the country's financial markets and is taking necessary steps to ensure price stability and exchange rate stability, reads DAB statement.

The source said: “It is noted that Da Afghanistan Bank has sufficient financial resources at its disposal and, if necessary, could meet the needs of the money markets and financial institutions for afghanis and other currencies”.

According to the DAB on Sunday one US dollar is bought at 74.05 afs and sold at 73.8 afs.

It is pertinent to mention that the DAB on Sunday auctioned $16 million.

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