February 07, 2023

DAB to auction $17 million tomorrow

DAB to auction $17 million tomorrow

KABUL, Jan. 09 – Da Afghanistan Bank (DAB) wants to auction $17 million on Wednesday, said DAB in a statement.

DAB requests commercial banks and exchange and financial services companies that meet the conditions to participate in this tender.

The successful bidders are required to settle their accounts by the end of the auction day, it said.

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

It is worth mentioning that DAB has also auctioned $15 million a couple of days ago.

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