Afghanistan's central bank Da Afghanistan Bank (DAB) sold 14 million U.S. dollars by auction on Sunday to stabilize the exchange rate of the national currency afghani, the bank said in a statement released here Sunday.
The local currency afghani has been tumbling against foreign currencies, especially the U.S. dollar, over the past couple of months. The exchange rate of 1 U.S. dollar increased from last week's 86 afghani to 87.15 afghani on Sunday.
Afghanistan's central bank has injected millions of U.S. dollars into the country's money-exchange market over the past month to prevent the fall of the afghani against foreign currencies.
Afghanistan has received more than 2 billion dollars in cash over the past 18 months as part of the international community's humanitarian aid to prevent the economic collapse of the cash-strapped country.