March 13, 2023
1 min read

Afghanistan’s central bank steps in to stabilise local currency

The afghani has been tumbling against foreign currencies, especially the .S dollar over the past several months…reports Asian Lite News

Afghanistan’s central bank said on Monday that it sold $16 million by auction in a bid to stabilise exchange rate of the national currency afghani.

The afghani has been tumbling against foreign currencies, especially the .S dollar over the past several months, reports Xinhua news agency.

The exchange rate for $1 increased from last week’s 88 afghani to 88.50 afghani on Monday.

The Da Afghanistan Bank (DAB) has injected millions of US dollars into the country’s money-exchange market over the past month to prevent the fall of afghani against foreign currencies.

The Afghan central bank also auctioned $16 million last week.

The war-torn Afghanistan has received nearly $2 billion in cash over the past 17 months as part of the international community’s humanitarian aid to stabilise its economy.

ALSO READ: SAARC skips Afghanistan for Secretary General

Previous Story

US House votes to declassify info on Covid-19 origin

Next Story

India lifts Border-Gavaskar Trophy

Latest from -Top News

UNSC Grills Pakistan Over Pahalgam Attack

Though Pakistan claimed that the meeting largely served and achieved the objectives of the UNSC’s meeting, reports showed that it flopped miserably…reports Asian Lite News The United Nations Security Council (UNSC) reportedly

Pakistan’s Terror Link “No Secret”: Bilawal Bhutto

Zardari stated that Pakistan’s intelligence services have since changed course and no longer collaborate with extremist elements..reports Asian Lite News Bilawal Bhutto Zardari, former Foreign Minister of Pakistan, has openly acknowledged Pakistan’s

Islamists Rise Under Yunus Rule

After the departure of former Prime Minister Sheikh Hasina in August 2024, Islamic parties in Bangladesh, crushed for years by the Awami League government, have made inroads into the political arena…writes Baidya

TIES WITH CHINA: Is Bangladesh Going Lanka Way?

Plans for nine Special Economic Zones, including Chinese-developed sites in Chattogram and Chandpur, promise jobs but risk creating enclaves where Beijing’s economic priorities overshadow Bangladesh’s….reports Asian Lite News On a humid March
Go toTop

Don't Miss

Afghanistan runs out of vaccine

Only individuals who have had the first shot are currently

CPEC entering Afghanistan

Foreign ministers of Pakistan, china and Afghanistan emphasised the need