Tuesday, 02 January 2024 12:17 GMT

Central Bank Set To Auction $27M Tomorrow


(MENAFN- Pajhwok Afghan News) KABUL (Pajhwok): The central bank is all poised to auction 27 million US dollars on Wednesday to keep the afghani stable.

In a post on X, Da Afghanistan Bank (DAB) 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.

On Monday, the central bank had auctioned $25 million in line with its strategy to strengthen the local currency.

hz/mud

MENAFN28012025000174011037ID1109136510



Pajhwok Afghan News

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search