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 Leeds Times 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 Leeds Times.
More Information
6
℃
Labor shortages forcing UK to take in more foreign workers
LONDON, England: To tackle labour shortages in key industries, British Prime Minister Liz Truss is set to review the country's ...
Russian airlines staff receive conscription notices, media reports
MOSCOW, Russia: Employees at Russian airlines and airports have begun receiving army draft orders, as reported this week by the ...
School children gunned down by ex-student at school in Russia
MOSCOW, Russia - At least fifteen people, including 11 pupils, have been killed in a mass shooting at a school ...
Negotiations successful in swapping five British held by Russia
LONDON, England: The non-profit organization Presidium Network has announced that five British prisoners of war captured in Ukraine have been ...
Surging costs to result in vegetable shortages, says EU farmers
PARIS, France: Throughout northern and western Europe, vegetable producers are considering not planting crops due to the financial effects of ...
EU considers new sanctions against Russia, including cap on gas prices
BRUSSELS, Belgium: In response to a new escalation in Russia's war against Ukraine, the European Union is considering an oil ...
Canada names first woman ambassador to China
OTTAWA, Canada: Canada has appointed Jennifer May as its first female ambassador to China, taking over a role that has ...
New Covid booster shots received by low 4.4 million
WASHINGTON D.C.: In the past three weeks, the latest campaign to offer a second Covid booster shot has seen 4.4 ...
Russian airlines staff receive conscription notices, media reports
MOSCOW, Russia: Employees at Russian airlines and airports have begun receiving army draft orders, as reported this week by the ...
School children gunned down by ex-student at school in Russia
MOSCOW, Russia - At least fifteen people, including 11 pupils, have been killed in a mass shooting at a school ...
Lightning kills 12, rains another 24 in northern India
LUCKNOW, India: Thirty-six people, including 12 struck by lightning, have been killed in northern India over the past 24 hours, ...
Negotiations successful in swapping five British held by Russia
LONDON, England: The non-profit organization Presidium Network has announced that five British prisoners of war captured in Ukraine have been ...
