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KABUL, Nov. 23 (Xinhua) — The Da Afghanistan Financial institution (DAB) determined to public sale 17 million U.S. {dollars} as a part of the nation’s efforts to stabilize the change fee of the nationwide forex, the Afghan central financial institution mentioned in an announcement on Wednesday.
Afghanistan’s forex, the afghani, has been tumbling towards foreign currency particularly the U.S. greenback over the previous couple of weeks. The change fee of 1 U.S. greenback was 88 afghanis final week, whereas it was 89 afghanis in native money-changing markets on Tuesday.
Prior to now few months, the crisis-stricken Afghanistan’s central financial institution has injected hundreds of thousands of U.S. {dollars} into the nation’s money-changing markets in a bid to curb the depreciation of afghani towards foreign currency.
Afghanistan has acquired greater than 1.5 billion U.S. {dollars} in money over the previous 12 months as a part of the worldwide neighborhood’s humanitarian help to stabilize the war-ravaged Asian nation’s financial system.
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