Afghanistan currency

Finance of Afghanistan The largest bank in the Bank of Afghanistan, became the centre of the formal banking system. It formerly played an important role in determining and Afghanistan’s financial sector expanded rapidly in the decade that followed the fall of the Taliban. However, the banking system has been plagued by corruption and Trade Total annual imports have customarily exceeded exports. Prior to the fall of Afghanistan’s communist regime, roughly two-thirds of exports went to the former Soviet republics to the north. The Soviet state was also the leading source of imports. The principal export, Services Until the collapse of the communist regime in 1992, the service sector—including Labour and taxation The bulk of the population in the rural areas consists of small farmers exploiting their tiny plots of land. The majority of the city and town dwellers are artisans, small traders, or government employees. The industrial The Afghan government has traditionally received much of its revenue from foreign aid—particularly during the Soviet era—and as a consequence the Afghan people have generally been lightly taxed. Taxation during the Transportation and telecommunications Being a The road network of Afghanistan connects railheads in Gushgy, Despite the rapid development of motor transport, camels and donkeys are still commonly used as draft animals. In the countryside many people have not abandoned their cherished horses, which are an important source of Almost all prov...

OANDA uses cookies to make our websites easy to use and customized to our visitors. Cookies cannot be used to identify you personally. By visiting our website you consent to OANDA’s use of cookies in accordance with our Privacy Policy. To block, delete or manage cookies, please visit aboutcookies.org. Restricting cookies will prevent you benefiting from some of the functionality of our website. Overview The Afghan Afghani (AFN) was introduced in 2003 as the new currency for Afghanistan. Two distinct rates were established: the government issue of 1000 and the northern alliance of 2000. Prior to 2003 the currency was the Afghanistan Afghani (AFA). There is no stock market. Money lending as well as foreign exchange is done through money bazaars. Economy • Afghanistan relies on foreign aid, trade, and farming from bordering countries. • The country and international concerns are focusing on improving infrastructure by creating jobs, promoting development of housing, and investing in education. • International groups contributed over $2 billion to help Afghanistan’s dying economy. • Afghanistan's agricultural products include wheat, wool, nuts, mutton, opium, lamb skin, and sheep skin. • Afghanistan exports mainly nuts, fruit, carpets, and cotton. • Imports include textiles, petroleum products, and capital goods. History • The first Afghani (AFA) was introduced in 1925. Before this time period the Afghan Rupee was the official currency. • From the year 1925 to the year 1928 Af...

Updated February 6, 2023 What is the Afghan Afghani (AFN)? Afghan Afghani refers to the official currency of Afghanistan and is represented by ISO code AFN. It is issued by Da Afghanistan Bank, the country’s central bank, which aims to minimize the likelihood of inflation while retaining a In recent decades, Afghanistan experienced many modifications to its currency. The original Afghani replaced the Afghan rupee in 1925. It was reformed again in 2002 as part of attempts to support the currency and decrease Summary • Afghani Afghan refers to the official currency of Afghanistan and is represented by ISO code AFN. • The original Afghani was modified in 2002 as part of attempts to support the currency and reduce inflation. • The continuing political turmoil has slowed the economic growth of the country. History of the Afghan Afghani Market forces have been freely determining the foreign exchange rate of Afghan Afghani except for during World War I. However, for several years, there has been a dual exchange rate system in Afghanistan, the one set by the country’s central bank, and a free-market exchange rate dictated by the supply and demand in Kabul’s currency bazaar known as the Sarai Shahzada. While Briefly, after the Taliban seized charge of Afghanistan’s banks in December 1996, Ehsanullah Ehsan, chairman of the Central Bank of Taliban, announced that most of the Afghan notes in circulation, almost 100 trillion Afghan Afghani, were useless. As a result, the contract with ...

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Majors Price Day Year Date EURUSD 1.0950 0.0119 1.10% 3.82% Jun/15 GBPUSD 1.2790 0.0129 1.02% 3.55% Jun/15 AUDUSD 0.6885 0.0092 1.35% -2.26% Jun/15 NZDUSD 0.6230 0.0026 0.42% -2.07% Jun/15 USDJPY 140.1440 0.0540 0.04% 6.01% Jun/15 USDCNY 7.1191 -0.0555 -0.77% 6.52% Jun/15 USDCHF 0.8918 -0.0092 -1.02% -7.74% Jun/15 USDCAD 1.3222 -0.0100 -0.75% 2.11% Jun/15 USDMXN 17.1050 0.0030 0.02% -16.15% Jun/15 USDINR 81.9080 -0.0500 -0.06% 5.08% Jun/15 USDBRL 4.8102 -0.0044 -0.09% -4.81% Jun/15 USDRUB 83.4705 -0.5250 -0.63% 52.11% Jun/15 USDKRW 1,270.0000 -4.0100 -0.31% -1.42% Jun/15 USDTRY 23.6533 0.1050 0.45% 36.73% Jun/15 DXY 102.0944 -0.8536 -0.83% -1.48% Jun/15 USDSEK 10.5974 -0.1199 -1.12% 4.68% Jun/15 USDPLN 4.0603 -0.0465 -1.13% -9.24% Jun/15 USDNOK 10.4877 -0.1597 -1.50% 5.62% Jun/15 USDZAR 18.2318 -0.1123 -0.61% 14.05% Jun/15 USDDKK 6.8070 -0.0711 -1.03% -3.44% Jun/15 USDSGD 1.3364 -0.0045 -0.34% -3.38% Jun/15 USDILS 3.5574 -0.0291 -0.81% 2.94% Jun/15 USDHKD 7.8216 -0.0098 -0.13% -0.35% Jun/15 USDCLP 793.1300 -8.1700 -1.02% -8.45% Jun/15 USDPKR 287.0000 0.2500 0.09% 37.82% Jun/15 USDCZK 21.7110 -0.2210 -1.01% -7.27% Jun/15 USDHUF 340.9000 -1.6500 -0.48% -9.70% Jun/15 Crosses Price Day Year Date USDAFN 85.7800 -0.2000 -0.23% -3.79% Jun/15 EURAFN 92.9691 -0.1559 -0.17% -0.22% Jun/15 GBPAFN 108.5778 -0.2814 -0.26% -0.07% Jun/15 AUDAFN 58.6057 0.1995 0.34% -6.19% Jun/15 NZDAFN 53.4358 0.0938 0.18% -4.69% Jun/15 AFNJPY 1.6443 0.0150 0.92% 9.62% Jun/15 AFNCNY 0.0833 -0.0001 -0.14% ...