Latest News
DAB to auction $16 million on Saturday
Da Afghanistan Bank (DAB) says it will auction $16 million on Saturday, aimed at keeping the value of the country’s currency stable in the market against foreign currencies.
Da Afghanistan Bank also known as the Central Bank of Afghanistan auctioned $17 million on February 27, and $15 million on February 23, as part of the continuous efforts to keep the value of Afghani stable against foreign currencies.
The bank has asked qualified private banks and exchange companies to participate in the auction, which is scheduled to be held on Saturday, March 4.
According to DAB, the winners of the auction are obliged to liquidate their accounts by the end of the day. As per the announcement, partial settlement of transactions is not allowed and the winners of the auction are obliged to transfer the payable amount to the central bank in cash within a certain time. The exchange rate of one USD is announced to 89 Afghanis as of yesterday, March 2, 2023.
Since the Islamic Emirate took control of the country in August 2021, the value of Afghani has remained relatively stable, which is considered a positive sign for the war-torn country with an economy mostly dependent on foreign aid.
A number of economic experts meanwhile believe that one of the main reasons behind Afghani’s stable value is the inflow of dollars to Afghanistan in the form of international humanitarian aid, which satisfies the demand of the market to some extent.
International Sports
IPL 2026: RR slip to fifth as Shane Bond calls for bowling changes
Rajasthan Royals (RR) bowling coach Shane Bond says his side’s bowlers must start “doing something different” after another disappointing defeat in IPL 2026 left the team slipping down the points table.
RR suffered a heavy loss to Gujarat Titans (GT) on Saturday after conceding more than 200 runs for the fourth straight match. The defeat pushed them down to fifth place with only three league games remaining.
The problems started early when fast bowler Jofra Archer struggled badly in the opening over, needing 11 balls to complete it after bowling a no-ball and several wides. The over cost RR 18 runs and set the tone for another difficult evening.
Former New Zealand pacer Mitchell McClenaghan said Archer appeared rusty after the team’s eight-day break and suggested Jaipur’s pitches are not helping RR’s pace attack.
Bond admitted RR’s bowling has not adapted well enough to the aggressive batting seen throughout this year’s IPL.
“You’ve got to be doing something different,” Bond said after the match. “Batsmen are developing new shots and putting bowlers under pressure, so bowlers also need to develop new skills and new plans.”
He added that bowlers must improve both their decision-making and execution, while using analysts more effectively to study opposition batting patterns.
Despite their recent slump, RR remain in contention for the playoffs, although their form has become a growing concern after a strong start to the season.
Meanwhile, IPL action continues on Sunday with Chennai Super Kings taking on Lucknow Super Giants in the afternoon match, while Royal Challengers Bengaluru face Mumbai Indians in a high-profile evening clash.
Chennai Super Kings will look to revive their inconsistent campaign against a Lucknow side still fighting for a playoff place, while Bengaluru and Mumbai meet in what could prove crucial in the race for the top four.
Both matches will be broadcast live across Afghanistan on Ariana Television Network.
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