Afghanistan's central bank sells 16 mln USD to keep local currency stable

KABUL, March 13 (Xinhua) -- Afghanistan's central bank Da Afghanistan Bank (DAB) sold 16 million U.S. dollars by auction on Monday in a bid to stabilize exchange rate of the national currency afghani, the bank said in a statement.

The afghani has been tumbling against foreign currencies, especially the U.S. dollar over the past several months. The exchange rate for 1 U.S. dollar increased from last week's 88 afg