Afghanistan's central bank announced Saturday that it will put on auction 20 million US dollars on Sunday in a bid to maintain the stability of the national currency, the afghani.
"The bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank Da Afghanistan Bank," the central bank said in a statement posted on its X account.
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In the past month, the bank has injected millions of U.S. dollars into the nation's currency exchange market to stabilize the afghani and prevent its decline against foreign currencies.
In recent weeks, the afghani has experienced a depreciation against the U.S. dollar. Currently, the exchange rate stands at about 74 afghani for one U.S. dollar, compared to about 68.50 afghani a month ago.