RASC News Agency: The Taliban-controlled Central Bank of Afghanistan recently announced its decision to hold a multi-million dollar auction, aiming to sell a substantial amount of 14 million dollars. The bank’s newsletter outlined that this auction is scheduled to take place on Sunday, October 22.
In its official statement, the Central Bank, under Taliban administration, extended a specific invitation to qualified banks, exchange companies, and money services to actively participate in this significant event. Emphasizing the importance of timely settlements, the bank’s newsletter highlighted that successful bidders must settle their accounts by the end of the day.
Furthermore, the Central Bank’s newsletter, overseen by the Taliban group, explicitly stated that partial settlement of transactions in the currency auction is strictly prohibited. Successful bidders are required to promptly fulfill their outstanding monetary obligations to the Central Bank of Afghanistan, now under Taliban control, by providing cash within the allocated timeframe.
It is essential to recognize that the Central Bank of Afghanistan, under Taliban administration, conducts regular auctions to sell millions of dollars in an effort to maintain stability in the country’s currency against the dollar.
Additionally, experts have observed that the surging dollar prices in local markets have contributed to an increase in poverty levels among families, primarily due to the high costs of raw materials.
Moreover, it is important to note that the value of the dollar has recently decreased against the Kabuli rupees – the current currency in Afghanistan. It is worth recalling a previous report by the Special Inspector General for Afghanistan Reconstruction (SIGAR) that highlighted the impact of the Taliban group’s activities on the Central Bank of Afghanistan.