The Taliban-run central bank of Afghanistan has announced that an auction to sell $11 million will be held on Sunday.
The central bank of the Taliban’s ruling government has issued a bid to sell the Afghani currency to $11 million on Sunday, September 18, to maintain its purchasing power against the US dollar.
According to a statement issued by the Central Bank of Afghanistan, Da Afghanistan Bank (DAB), banks, money exchange dealers and other eligible entities, licensed financial services organizations are invited to participate in the tender.
The obligation of tender winners to establish their accounts is also explained in the DAB statement.
Dollar packages have previously been sold due to the depreciation of the Afghani currency against the dollar, which has remained largely stable since the dollar entered the market last year.
At this time in Kabul, the capital of Afghanistan, one US dollar is 87.3 Afghanis. Before the Taliban took power, the US dollar was less than 80 to the Afghan currency.