Kabul: Afghanistan's central bank announced that it will put on auction 27 million U.S. dollars on Wednesday in a bid to strengthen the national currency against foreign currencies. "The bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank Da Afghanistan Bank," the central bank said in a statement posted on social media.

According to Namibia Press Agency, over the past month, the bank has injected millions of U.S. dollars into the nation's currency exchange market to stabilize the afghani and prevent its decline against foreign currencies. The bank also auctioned 25 million U.S. dollars on Monday.

In recent weeks, the afghani has experienced a depreciation against the U.S. dollar. Currently, the exchange rate stands at about 78.50 afghani for 1 U.S. dollar, compared to about 69.30 afghani a month ago.