About Afghanistan Currency: Afghan Afghani
The currency of Afghanistan¸ Afghan Afghani was introduced in the year 1925. Before that¸ the currency of Afghanistan was the Afghan rupee. The Afghan Afghani can be further subdivided into 100 pul; also¸ 20 Afghani equals the amani. During the initial days of introduction of the currency¸ the Afghan Afghani used to have 9 grams of silver.
Specifically about Afghan Afghani
Afghan Afghani’s value was characteristically floating between1979 and 1982 and again from 1992. Before the US invasion¸ Afghani banknotes were illegally made by warlords¸ political parties¸ foreign powers and forgers. A systematized process of standardization or serial numbers lacked. However¸ in the December of 1996¸ after the Taliban took over Afghanistan¸ Ehsanullah Ehsan¸ the chairman of the Taliban's Central Bank declared almost all the notes that were being circulated in the economy of Afghanistan to be worthless. The net worth of the currencies was approximately 100 trillion Afghan Afghani. During that time¸ the exchange rate of the Afghanistan currencies was 21¸000 Afghani to the U.S. dollar.
Afghanistan Currency Coins Types
As of 1925¸ there were bronze and brass 2¸ 5 and 10 pul¸ while 20 pul was made of billon (an alloy)¸ ½ and 1 Afghani was made of silver and gold; also followed silver 2½ Afghani and gold 2½ amani in 1926. In the year 1930¸ bronze and brass 1 and 25 pul were introduced into the currency system. Bronze 3 pul and cupro-nickel 10 and 20 pul were introduced in 1937.
1952 saw the introduction of aluminium 25 pul and nickel-clad-steel 50 pul and aluminium 2 and 5 Afghani in 1958 and nickel-clad-steel 1¸ 2 and 5 Afghani in 1963.
Brass-clad-steel 25 pul¸ copper-clad-steel 50 pul and cupro-nickel-clad-steel 5 Afghani coins were issued in 1973. Between 1978 and 1980¸ aluminium-bronze 25 and 50 pul and cupro-nickel 1¸ 2 and 5 Afghani were introduced into the currency system of the Democratic Republic of Afghanistan.
Afghanistan Currency Banknotes Types
The Afghan Afghani banknotes that are currently in circulation are 1¸ 2¸ 5¸ 10¸ 20¸ 50¸ 100¸ 500¸ 1000 Afghanis.
During the years from 1925 and 1928¸ the treasury notes that were issued were in the 5¸ 10 and 50 Afghani. However¸ in 1939¸ notes for 2¸ 5¸ 10¸ 20¸ 50¸ 100¸ 500 and 1000 Afghani were issued by the Bank of Afghanistan. 5000 and 10¸000 Afghani notes were issued in 1993.
In the year 2005¸ 1¸ 2 and 5 Afghani paper notes were replaced by coins.
Afghanistan Currency ISO 4217 Code
The ISO 4217 which is regarded as the international standard to describe the three-letter codes known as the currency code. The currency code of Afghanistan Afghan Afghani is AFN. The International Organization for Standardization (ISO) ensures the Afghan currency by this code to be used by banking institutions¸ businesses¸ and individuals worldwide for defining different currencies and to get rid of confusions regarding currency names and symbols
Currency Exchange Rate to other World Famous Currencies like US¸UK etc
As of February 16th¸ 2011¸ the currency exchange rates of afghan Afghani to the currencies of US and UK are:
1.00 USD = 43.0250 AFN
1.00 GBP = 69.0285 AFN
However¸ the values are floating¸ and the exchange rates always tend to change according to the money market trends.
Official website details of Afghanistan Currency
The official website for the Afghanistan currency is www.centralbank.gov.af. You can check the site for more details on Afghan Afghani.
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