Afghan bank keeps currency strong with dollars

Afghanistan's central bank, Da Afghanistan Bank, supplies 10 million U.S. dollars each week to bazaar in order to keep the value of the Afghani currency strong, the president of the bank said Sunday 7 May.

"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

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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