Afghanistan's central bank, Da Afghanistan Bank, as part
of its policy supplies 10 million U.S. dollars each week to bazaar in
order to keep the value of Afghanistan's national currency the Afghani
strong, president of the bank said Sunday.
"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.
The exchange rate of U.S. dollars to Afghani was 42 four years ago when
the bank introduced new currency while today it is 49.50 Afghanis.
Commenting on the country's foreign exchange reserve, Dillawari said
that the central bank has currently 1.8 billion U.S. dollars, which is
unprecedented in the history of Afghanistan.
