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An Afghan money changer. (Photo Credit - Reuters)
An Afghan money changer. (Photo Credit - Reuters)

Da Afghanistan Bank to auction USD 10 million to increase value of afghani

ANI | Updated: Nov 15, 2021 16:14 IST


Kabul [Afghanistan], November 15 (ANI): Post the Taliban took control of Afghanistan, its economy is in shambles. Da Afghanistan Bank (DAB) announced on Monday it would auction 10 million dollars tomorrow to boost the value of afghani (afs).
A reliable source in the central bank told Pajhwok Afghan News DAB would auction 10 million dollars tomorrow (Tuesday) after months of delays to protect the afghani.
Today, one US dollar accounts for 93 afs, compared to 95 afs on Sunday (Sunday). Three days ago, one US dollar was exchanged for 90 afghanis, reported Pajhwok.

Some moneychangers in the Sara-i-Shahzada market said the country's economic situation had been deteriorating since the fall of the previous government on August 15.
The afghani was in a state of instability and its free fall was raising concerns, they added, stressing the need for stabilising the local currency.
According to Pajhwok reports, a week before the fall of the previous government, one US dollar accounted for 70 afghanis, reported Pajhwok. (ANI)

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