DAB auctions $17 million on Wednesday

KABUL, Feb. 06 – Da Afghanistan Bank (DAB) wants to auction up to 17 million US dollars on Wednesday, 17th of Rajab al-Murjab 1444 that coincides with 19/11/1401, said the central bank in a statement. The central Bank of Afghanistan requests all eligible commercial banks and exchange and financial services companies to participate in this […]

KABUL, Feb. 06 – Da Afghanistan Bank (DAB) wants to auction up to 17 million US dollars on Wednesday, 17th of Rajab al-Murjab 1444 that coincides with 19/11/1401, said the central bank in a statement.

The central Bank of Afghanistan requests all eligible commercial banks and exchange and financial services companies to participate in this tender and successful bidders are required to settle their accounts by the end of the auction day, added the statement.

Partial settlement of the transactions is not allowed in the currency auction bid, the successful tenderer shall pay the price of obligation once in cash to the Bank of Afghanistan within a specified period.