Da Afghanistan Bank has announced that it will auction US$16 million through an open bidding process on Monday (July 6).
According to the bank’s statement, commercial banks and companies engaged in money exchange and financial services that meet the required eligibility criteria may participate in the auction.
The bank emphasized that the winning bidders must settle their accounts by the end of the auction day.
The statement further noted that partial settlement is not permitted in foreign currency auction transactions, and successful bidders are required to pay the full amount in cash within the specified deadline.