Afghan central bank to inject more money to stabilize local currency

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Afghan central bank to inject more money to stabilize local currency

STORY: Afghan central bank to inject more money to stabilize local currency DATELINE: May 11, 2022 LENGTH: 00:01:34 LOCATION: Kabul CATEGORY: ECONOMY SHOTLIST: 1. various of Afghan central bank and a money exchange market in Kabul. STORYLINE: Afghanistan's central bank, the Da Afghanistan Bank (DAB), said Tuesday it would further inject 12 million U.S. dollars into the local market to boost the national currency afghani. The DAB said in a statement that it was requesting all eligible banks and monetary service providers, among others, to participate in the auction scheduled for Wednesday. "In auction bids, partial settlement of currencies is not allowed and the winners of the auction must deposit in the Da Afghanistan Bank their money at one time in cash," the statement said. The U.S. dollar has depreciated against afghani compared with a couple of weeks ago. The DAB conducted auctioning of 12 million U.S. dollars late in April. Since the Taliban's takeover of Afghanistan in August last year, the Unite

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