Afghan bank keeps currency strong with dollars
"Da Afghanistan bank will open the foreign exchange bidding process, either to buy or sell U.S. dollars from or to the central bank. Da Afghanistan bank supplies dollars to bazaar each week in order to keep Afghani strong and to solve the traders' problems," Nooruillah Dilawari told journalists.
The policy, he added, has been continuing over the past few years and the bank supplies 10 million U.S. dollars each week to the bazaar.
Commenting on Afghanistan's foreign exchange reserves, Dillawari said that the central bank currently holds 1.8 billion U.S. dollars, which is unprecedented in the history of Afghanistan.
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