Afghanistan's central bank to inject $25m to keep local currency stable
Afghanistan's central bank announced that it will inject 25 million US dollars on Monday in a bid to maintain the stability of the national currency, the afghani.
"The bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank Da Afghanistan Bank," the central bank said in a statement posted on social media Sunday.
Over the past month, the bank has injected millions of US dollars into the nation's currency exchange market to stabilize the afghani and prevent its decline against foreign currencies.
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The bank also auctioned 20 million US dollars on Saturday.
In recent weeks, the afghani has experienced a depreciation against the US dollar. Currently, the exchange rate stands at about 80.50 afghani for one US dollar, compared to about 69.30 afghani a month ago.
