Afghan central bank auctions 12 mln USD to stabilize local currency
Xinhua
22 Sep 2022, 06:48 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.
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Cardiff Star 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 Cardiff Star.
More InformationFaulty IT system at heart of UK Post Office scandal, says report
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
Ex-UK PM Sunak takes advisory role at Goldman Sachs
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
India participates in Australia's largest bilateral military exercise, Talisman Sabre, for first time
Adelaide [Australia], July 14 (ANI): India has made its debut in Australia's largest bilateral military exercise, Exercise Talisman...
(SP)FRANCE-CHAMONIX-IFSC CLIMBING WORLD CUP
(250714) -- CHAMONIX, July 14, 2025 (Xinhua) -- Annie Sanders of the United States competes during the women's lead final of sport...
India should avoid hasty trade deal under US pressure, as it may not survive next US political shift: GTRI
New Delhi [India], July 14 (ANI): India must stay firm and avoid trading away its core sectors, especially agriculture, despite increasing...
Buckingham palace confirms Trump's second UK state visit in September
Washington, DC [US], July 14 (ANI): US President Donald Trump is set to make a historic second state visit to the UK, likely in September,...
Trump’s tariff push could push US rates above 20%, ICC says
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
U.S. Urged to Investigate After Israeli Settlers Beat Palestinian-American to Death
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
New Hampshire federal court ruling defies Trump’s citizenship move
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
Houthis attack cargo ship in Red Sea, raising maritime safety fears
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
Trump administration restarts Ukraine arms deliveries
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
From France’s shores, desperate migrants look to reach British coast
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
