Da Afghanistan Bank to Auction $18 Million

 

KABUL(BNA): Da Afghanistan Bbank (DAB) has announced a significant auction of 18 million US dollars scheduled for tomorrow, Sunday.

This initiative aims to bolster the country’s foreign exchange reserves and stabilize the national currency.

In a statement, the DAB has invited qualified banks, exchange companies, and money service providers to participate in the auction.

Participants are reminded that winners will be required to settle their accounts fully by the end of the auction day, as partial settlements will not be permitted.

This auction represents a crucial step in the Central Bank’s ongoing efforts to manage liquidity and support the Afghan economy. With the requirement for full cash payment, Da Afghanistan Bank “Central Bank” is ensuring a transparent and efficient process for the distribution of foreign currency.

Bakhtar

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