Kathmandu- The Central Bank of Afghanistan announced on Monday that it will add US $25 million to stabilize the national currency. The Central Bank stated that money exchangers, bidders, and private banks are required to deposit the necessary cash into Da Afghanistan Bank.
Last month, the Central Bank invested millions of US dollars in the money exchange market to maintain the value of the Afghani and prevent its decline against foreign currencies. The bank also auctioned off $20 million. In recent weeks, the Afghani has experienced devaluation compared to the US dollar. As of now, the exchange rate stands at 80.40 Afghani to one US dollar, a sharp decline from the previous month’s rate of 69.30 Afghani.