Afghan central bank auctions 12 mln USD to stabilize local currency
Xinhua
22 Sep 2022, 11:18 GMT+10
The central bank's decision was made amid tumbling afghani against foreign currencies, especially the U.S. dollar, in the moneychangers markets.
KABUL, Sept. 22 (Xinhua) -- Afghanistan's Da Afghanistan Bank (DAB) said on Wednesday that it has put in auction 12 million U.S. dollars as part of efforts to keep the local currency afghani stable.
The central bank's decision was made amid tumbling afghani against foreign currencies, especially the U.S. dollar, in the moneychangers markets.
The exchange rate of one U.S. dollar was 88 afghani last week, but it rose to 88.77 afghani on Tuesday.
In similar efforts, the central bank auctioned 12 million U.S. dollars a couple of weeks ago.
However, observers believe that afghani would continue to lose against foreign currencies unless local and foreign companies invest in the war-torn and impoverished country to create job opportunities for the Afghans.
Subscribe and Follow
Get a daily dose of San Antonio Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Antonio Post.
More Information
79
℉
Another delay for US moon rocket as hurricane approaches Florida
CAPE CANAVERAL, Florida: NASA has announced that it will roll its giant moon rocket, the Space Launch System, off its ...
Boarding up windows, stacking sandbags as hurricane nears Florida
MIAMI, Florida: As Hurricane Ian crashes across the Caribbean, bringing high winds and torrential rains, Florida residents are scrambling to ...
New Covid booster shots received by low 4.4 million
WASHINGTON D.C.: In the past three weeks, the latest campaign to offer a second Covid booster shot has seen 4.4 ...
1.1 million Teslas in U.S. recalled for software update
AUSTIN, Texas: Due to increased risks caused by a fault in its automatic window reversal system, electric vehicle maker Tesla ...
UFC-SMU game in Orlando moved to Wednesday after Hurricane Ian
Sunday's rescheduled game between UCF and SMU in Orlando has been moved again, this time to Wednesday, in the aftermath ...
Browns' Myles Garrett, Jadeveon Clowney questionable vs. Falcons
Cleveland Browns defensive ends Myles Garrett and Jadeveon Clowney are considered questionable to play in Sunday's game against the Falcons ...
Another delay for US moon rocket as hurricane approaches Florida
CAPE CANAVERAL, Florida: NASA has announced that it will roll its giant moon rocket, the Space Launch System, off its ...
Boarding up windows, stacking sandbags as hurricane nears Florida
MIAMI, Florida: As Hurricane Ian crashes across the Caribbean, bringing high winds and torrential rains, Florida residents are scrambling to ...
After Roger Waters urges end to support for Ukraine, concert canceled
KRAKOW, Poland: Organizers said an April Roger Waters concert planned in Krakow, Poland, has been canceled due to Waters' support ...
Israeli forces in West Bank given green light to use drones for assassinations
TEL AVIV, Israel - The Israeli army has approved using drones to carry out assassinations in the West Bank.The extraordinary ...
Picture of King Charles to slowly become circulated on UK currency
LONDON, England: As Britain adjusts to its first new head of state in 70 years, the government printers responsible for ...
Women, children among 25 dead after Bangladesh ferry sinks
DHAKA, Bangladesh: Jahurul Islam, district administrator of northern Panchagarh, Bangladesh, has confirmed that a boat carrying Hindu devotees sank in ...
