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 Breaking Property News 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 Breaking Property News.
More Information
26
℃
Adidas launches newest running shoes costing $500
LONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...
Pakistan notifies hike in LPG price by PKR 20 per kg, domestic cylinder price touches PKR 3079
Islamabad [Pakistan], September 30 (ANI): Dealing a further blow to the people already saddled with mounting inflation, Pakistan's Oil and ...
Pakistan: PIA service hit as five aircraft with no engines grounded
Islamabad [Pakistan], September 30 (ANI): Flight services of the Pakistan International Airlines' (PIA) were disrupted after five three Boing 777 ...
RBI extends deadline to exchange Rs 2,000 banknotes till October 7
Mumbai (Maharashtra) [India], September 30 (ANI): The Reserve Bank of India (RBI) has announced an extension of the deadline for ...
IMF Executive Board approves USD 1.3 bn for Morocco under Resilience and Sustainability Facility Arrangement
Washington DC [US], September 30 (ANI/WAM): The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) ...
World Bank approves USD 365 mn for advancing girls, women empowerment in Western, Central Africa
Washington DC [US], September 30 (ANI/WAM): The World Bank Board of Directors today approved USD 365 million in International Development ...
EU state's housing market crashing Bloomberg
Construction of new homes in Finalnd has reportedly dropped to the lowest level since the 1940sThe housing market in Finland ...
Finnish housing market crashing Bloomberg
Construction of new homes has reportedly dropped to the lowest level since the 1940sThe housing market in Finland is facing ...
HRW Says European Firms Ditching Toxic Ships on Bangladesh Beaches
Chittagong, Bangladesh - European maritime companies are ditching their old ships for scrap on Bangladesh beaches in dangerous and polluting ...
Dubai sees over AED12.7 bn in weeklong real estate transactions
DUBAI, 15th September, 2023 (WAM) -- A total of 2,329 real estate transactions worth over AED 12.7 billion were conducted ...
Finnish housing market crashing - Bloomberg
Construction of new homes has reportedly dropped to the lowest level since the 1940s The housing market in Finland ...
EU state's housing market crashing - Bloomberg
Construction of new homes in Finalnd has reportedly dropped to the lowest level since the 1940s The housing market ...
