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.
Get a daily dose of Zimbabwe Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Zimbabwe Star.
More InformationWASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
BEIJING, July 4 (Xinhua) -- As Chinese President Xi Jinping once observed, in the face of global changes of the century, pursuing modernization...
(250703) -- ADDIS ABABA, July 3, 2025 (Xinhua) -- Liu Junying (L), head of the 25th batch of the Chinese medical team, poses for a...
(250703) -- GOMA (DR CONGO), July 3, 2025 (Xinhua) -- Benjamin Mbonimpa (2nd R), the Congo River Alliance (AFC)'s permanent secretary...
MAURITIUS, 3rd July, 2025 (WAM) - The Sharjah Chamber of Commerce and Industry (SCCI) concluded its first-ever official trade mission...
Data to end violence: United Republic of Tanzania “Before, I didn’t know where to report cases of violence. Now, I have...
Accra [Ghana], July 3 (ANI): Ministry of External Affair's Secretary (Economic Relations) Dammu Ravi stated that Prime Minister Narendra...