Afghan central bank auctions $16 million on open market
KABUL, Afghanistan – Afghanistan’s central bank auctioned $16 million on Tuesday as the relative value of the U.S. currency has risen recently.
According to the Afghan news agency Khaama Press, the central bank had put millions of dollars into the exchange to maintain and stabilize the value of the Afghan currency.
The World Bank noted in a recent report that the value of the Afghan currency has stabilized against foreign currencies.
The agency said the cash assistance package provided by the U.S. and other international aid groups has also contributed to the stability of the Afghan currency against foreign currencies.
The Afghan Central Bank provides more than $10 million weekly to maintain the value of the Afghan currency.
Economists told Khaama Press News Agency that sustained economic growth is directly related to security and the rule of law.
The Taliban government considers maintaining the value of the Afghan currency against foreign currencies one of its most important achievements in the past two years.
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