AFN to BGN

AFN - Afghan Afghani (؋)
BGN - Bulgarian Lev (лв.)
1 AFN1 BGN

Currency conversion rates from AFN to BGN

AFNBGN
1 AFN1 BGN
5 AFN5 BGN
10 AFN10 BGN
20 AFN20 BGN
50 AFN50 BGN
100 AFN100 BGN
250 AFN250 BGN
500 AFN500 BGN
1000 AFN1000 BGN
2000 AFN2000 BGN
5000 AFN5000 BGN
10000 AFN10000 BGN
BGNAFN
1 BGN1 AFN
5 BGN5 AFN
10 BGN10 AFN
20 BGN20 AFN
50 BGN50 AFN
100 BGN100 AFN
250 BGN250 AFN
500 BGN500 AFN
1000 BGN1000 AFN
2000 BGN2000 AFN
5000 BGN5000 AFN
10000 BGN10000 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 (؋)


BGN - Bulgarian Lev (лв)

The Bulgarian lev is the official currency of Bulgaria. The currency code for the Bulgarian lev is BGN and its symbol is лв. A popular nickname for the lev is ‘kint’. The lev is printed in denominations of 2, 5, 10, 20, 50 and 100. The plural of lev is ‘leva’. Since 2015, Bulgarians have replaced the 2-leva note with the 2-leva coin. Leva coins come in denominations of stotinka, with one stotinka equaling one-hundredth of a lev.

The currency for Bulgaria is the Bulgarian Lev (BGN). It is expect that Bulgaria will change their currency to the Euro in 2015. The Lev is pegged to the Euro at a rate of 1.95583 Leva = 1 Euro. Three Lev currency editions were introduced prior to the current Bulgarian Lev (BGN). The symbol for the Bulgarian Lev is лв.

The Bulgarian Lev is the currency in Bulgaria (BG, BGR). The Bulgarian Lev is also known as Levs. The symbol for BGN can be written Lv. The Bulgarian Lev is divided into 100 stotinki. The exchange rate for the Bulgarian Lev was last updated on May 24, 2019 from Yahoo Finance. The BGN conversion factor has 5 significant digits.

Economy

  • Bulgaria’s main income is industrial-based. The country is rated by the World Bank as a higher middle income country. Expectations are that Bulgaria will join the Eurozone in 2015.
  • In 2010 the GDP growth was 0.2%.
  • The main industries are base metals, water and gas, tobacco, electricity, refined petroleum, chemical products, food, and coke.
  • Export products are steel, iron, clothing, footwear, fuels, and machinery.  Import products are plastics, minerals, ores, equipment, machinery, and raw materials.
  • The unemployment rate is estimated at 3%.
  • Agriculture accounts for 7% of the GDP.

History

  • In 1881 the first edition of the Lev was introduced as the official currency for Bulgaria; it had the same value as the French Franc.
  • During 1940 the Lev was pegged to the German Reichsmark. 1 Reischmark = 32.75 Leva.
  • The Soviet Union occupied Bulgaria in 1944 and the Lev was pegged to the Russian Ruble at 1 Ruble = 15 Leva.
  • From 1945 to 1952 the Bulgarian lev was pegged to the US Dollar a number of times.
  • The second Lev was introduced in 1952 and was used until 1962.
  • In 1962 the third series of the Lev was introduced. It was subdivided into dominations of 1,000 and the new Lev was pegged to the German Markat par.
  • The Lev currently used in Bulgaria was introduced in 1995.

More information about BGN - Bulgarian Lev (лв)