AFN to BAM

AFN - Afghan Afghani (؋)
BAM - Bosnia-Herzegovina Convertible Mark (КМ)
1 AFN1 BAM

Currency conversion rates from AFN to BAM

AFNBAM
1 AFN1 BAM
5 AFN5 BAM
10 AFN10 BAM
20 AFN20 BAM
50 AFN50 BAM
100 AFN100 BAM
250 AFN250 BAM
500 AFN500 BAM
1000 AFN1000 BAM
2000 AFN2000 BAM
5000 AFN5000 BAM
10000 AFN10000 BAM
BAMAFN
1 BAM1 AFN
5 BAM5 AFN
10 BAM10 AFN
20 BAM20 AFN
50 BAM50 AFN
100 BAM100 AFN
250 BAM250 AFN
500 BAM500 AFN
1000 BAM1000 AFN
2000 BAM2000 AFN
5000 BAM5000 AFN
10000 BAM10000 AFN

AFN - Afghan Afghani (؋)

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.

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 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.

More information about AFN - Afghan Afghani (؋)


BAM - Bosnia-Herzegovina Convertible Mark (KM)

Bosnia-Herzegovina Convertible Mark

The Bosnian Mark (BAM) is the currency used in the country of Bosnia. The Mark is subdivided into 100 fenings and was pegged to the German Mark prior to the introduction of the Euro. Bosnia uses the same fixed rate as the German Mark — 1.935583 BAM = 1 Euro. The Bosnian Mark is also known as the Bosnia and Herzegovina Convertible Mark.

Bosnia-Herzegovina Convertible Marks is the currency in Bosnia and Herzegowina (BA, BIH). The symbol for BAM can be written KM. Bosnia-Herzegovina Convertible Marks is divided into 100 fennig. The exchange rate for Bosnia-Herzegovina Convertible Marks was last updated on May 24, 2019 from Yahoo Finance. The BAM conversion factor has 5 significant digits.

Economy

  • In 1991 Bosnia declared sovereignty and broke away from Yugoslavia.
  • Bosnia’s main industries are zinc, coal, iron, aircraft, vehicles, textiles, tobacco, oil refining, domestic appliances, ore, manganese, steal, and lead.
  • The country’s export products are wood, clothing, and metals. Imported products are chemicals, food, equipment, and machinery.
  • Bosnia has a high unemployment rate of 43%.
  • The economy of Bosnia is recovering after the Bosnian war and the socialistic Yugoslavian economic structure. Bosnia is still trying to transform from a socialist to a capitalist economy.
  • The country currently relies on humanitarian aid and reconstruction funding.
  • GDP growth for 2010 was 0.5%.
  • Public debt accounts for 40% of the GDP.
  • Inflation in Bosnia is low because of the country’s strict currency control.

History

  • From 1992 to 1998 the Bosnian Dinar (BAD) was used as Bosnia’s official currency. The Dinar consisted only of banknotes and was not subdivided.
  • The Dinar was replaced by the Bosnian Mark (BAM) in 1995, because of the Dayton agreement.
  • Coins were introduced in 1998.
  • All banknotes except the 200-mark note are issued by the Central Bank of Bosnia & Herzgoniva.
  • The 5-mark banknote was taken out of circulation at the beginning of 2010; however, the 5-mark coin is still being distributed.

More information about BAM - Bosnia-Herzegovina Convertible Mark (KM)