The Central Bank, under the Taliban administration, has announced its plan to inject 20 million US dollars into the market through an auction in an effort to stabilize the Afghan currency, the Afghani. According to a statement from the central bank, the auction for selling this amount of dollars will take place tomorrow Tuesday, February 18.
This move comes as part of the bank’s ongoing efforts to maintain the value of the Afghani, which has recently experienced fluctuations. As of this morning, the buying rate for one US dollar in Kabul’s currency market was 73.80 Afghani, while the selling rate stood at 73.83 Afghani.
Earlier this month, the value of the US dollar significantly increased, surpassing 80 Afghani, which raised concerns about inflation and economic stability in the country. In the past month alone, the central bank has injected tens of millions of dollars into the market to support the Afghan currency.
This latest initiative is another step by the Taliban administration to address economic challenges and prevent further depreciation of the national currency.