AFN to ARS
Currency conversion rates from AFN to ARS
|1 AFN||1 ARS|
|5 AFN||5 ARS|
|10 AFN||10 ARS|
|20 AFN||20 ARS|
|50 AFN||50 ARS|
|100 AFN||100 ARS|
|250 AFN||250 ARS|
|500 AFN||500 ARS|
|1000 AFN||1000 ARS|
|2000 AFN||2000 ARS|
|5000 AFN||5000 ARS|
|10000 AFN||10000 ARS|
|1 ARS||1 AFN|
|5 ARS||5 AFN|
|10 ARS||10 AFN|
|20 ARS||20 AFN|
|50 ARS||50 AFN|
|100 ARS||100 AFN|
|250 ARS||250 AFN|
|500 ARS||500 AFN|
|1000 ARS||1000 AFN|
|2000 ARS||2000 AFN|
|5000 ARS||5000 AFN|
|10000 ARS||10000 AFN|
AFN - Afghan Afghani (؋)
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.
The Afghan Afghani is the currency in Afghanistan (AF, AFG). The symbol for AFN can be written Af. The Afghan Afghani is divided into 100 puls. The exchange rate for the Afghan Afghani was last updated on May 24, 2019 from Yahoo Finance. The AFN conversion factor has 3 significant digits.
- 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 $2 billion to help Afghanistan’s dying economy.
- Afghanistan's agricultural products include wheat, wool, nuts, mutton, opium, lamb skin, and sheep skin.
- Afghanistan exports mainly nuts, fruit, carpets, and cotton.
- Imports include textiles, petroleum products, and capital goods.
- The first Afghani (AFA) was introduced in 1925. Before this time period the Afghan Rupee was the official currency.
- From the year 1925 to the year 1928 Afghani treasury notes were introduced.
- In 1975, all Afghanistan banks were nationalized.
- In 1981, the Afghani was pegged to the United States Dollar at 1 USD = 50 Afghanis.
- Afghanistan was taken over by Taliban rulers in 1996. The Taliban central bank declared the Afghanistan Afghani worthless and the bank cancelled the contract they had with Russia for printing their money. The country's currency was devalued against the US dollar to a rate of 1 USD = 43 Afghani.
- In 2002, the new Afghan Afghani currency (AFN) was introduced. In October, 2003 Afghanistan started using AFN as the official currency in local trade.
- In 2005, Afghani coins replaced the 1, 2, and 5 Afghani banknotes.
- Since 2005 the Afghanistan economy has grown at a steady pace.
ARS - Argentine Peso ($)
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.
The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.
- Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
- From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
- From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
- From 1983 to 1991, the Peso was replaced by the previous currencies.
- In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
- After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.
- Argentina’s economy is rated as a higher middle economy.
- The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
- During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
- The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
- Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
- Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.