ECONOMY

Afghanistan’s Central Bank Injects $14mn Into The Market

Da Afghanistan Bank, Afghanistan’s central bank, announced
that in order to stabilize the Afghani currency, the bank will sell about 14
million dollars in an auction ceremony.

The central bank has asked eligible banks, money changers
and monetary services companies to participate in the bid, which will be held
on Sunday.

This is the fifth time in recent weeks that Da Afghanistan
Bank has injected dollars into the market.

With the fall of the republic and the establishment of the
Taliban government in Afghanistan, country faced a severe liquidity crisis, the
main cause of which is the financial and banking restrictions imposed by the
United States on Afghanistan.



Source: Wadsam

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