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Afghan central bank to auction 17 mln USD to stabilize local currency

KABUL, Nov. 23 (Xinhua) — The Da Afghanistan Bank (DAB) decided to auction 17 million U.S. dollars as part of the country’s efforts to stabilize the exchange rate of the national currency, the Afghan central bank said in a statement on Wednesday.

Afghanistan’s currency, the afghani, has been tumbling against foreign currencies especially the U.S. dollar over the past couple of weeks. The exchange rate of one U.