AFN to BIF

AFN - Afghan Afghani (؋)
BIF - Burundian Franc (FBu)
1 AFN1 BIF

Currency conversion rates from AFN to BIF

AFNBIF
1 AFN1 BIF
5 AFN5 BIF
10 AFN10 BIF
20 AFN20 BIF
50 AFN50 BIF
100 AFN100 BIF
250 AFN250 BIF
500 AFN500 BIF
1000 AFN1000 BIF
2000 AFN2000 BIF
5000 AFN5000 BIF
10000 AFN10000 BIF
BIFAFN
1 BIF1 AFN
5 BIF5 AFN
10 BIF10 AFN
20 BIF20 AFN
50 BIF50 AFN
100 BIF100 AFN
250 BIF250 AFN
500 BIF500 AFN
1000 BIF1000 AFN
2000 BIF2000 AFN
5000 BIF5000 AFN
10000 BIF10000 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 (؋)


BIF - Burundian Franc (BIF)

Burundian Franc

The currency used in Burundi is the Burundi Franc (BIF). It is divided into 100 centimes. The symbol used for the Burundi Franc is Fbu.

The Burundian Franc is the currency in Burundi (BI, BDI). The symbol for BIF can be written FBu. The Burundian Franc is divided into 100 centimes. The exchange rate for the Burundian Franc was last updated on May 24, 2019 from Yahoo Finance. The BIF conversion factor has 5 significant digits.

Economy

  • Burundi resources are scarce and the manufacturing sector is underdeveloped.
  • The main sector of the economy is agriculture, which accounts for 57% of the GDP.
  • 70% of the labor force works in agriculture.
  • Burundi relies on humanitarian assistance.
  • Top industries are soap, shoes, construction, and blankets.
  • The main agricultural products are tea, cotton, bananas, beef, hides, coffee, sweet potatoes, and corn.
  • Export products are tea, hides, sugar, cotton, and coffee.
  • Import products are foodstuffs, petroleum products, and capital goods.
  • 53% of Burundi people live below the poverty level.
  • In 1997, it was estimated that Burundi had a $1.27 billion external debt.
  • During the late 1990s humanitarian aid stopped because of the coup in 1996. In 1999 the embargo was lifted and countries started giving aid again.
  • The inflation rate is +/- 10% and GDP growth is 4.5%.

History

  • Belguim occupied Burundi in 1916 and the Belgian Congo Franc became the official currency.
  • In 1960, the Belgian Congo Franc was replaced with the Burundi and Rwanda Franc.
  • In 1964, Burundi started issuing its own Francs and notes were printed over with the word Burundi on them.
  • In 1966, the word Kingdom on the 20-franc notes was replaced with the word Republic.

More information about BIF - Burundian Franc (BIF)