AFN to BWP

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 (؋)

BWP - Botswanan Pula (BWP)

Botswanan Pula

The official currency of Botswana is the Botswana Pula (BWP). The Pula is divided into 100 thebe. The symbol for the Pula is P. The Pula is rated as one of the strongest currencies in Africa.

The Botswana Pula is the currency in Botswana (BW, BWA). The symbol for BWP can be written P. The Botswana Pula is divided into 100 thebe. The exchange rate for the Botswana Pula was last updated on Today from The International Monetary Fund. The BWP conversion factor has 6 significant digits.

Economy

• From 1966 to 1999 Botswana had the highest growth rate in the world. The estimated growth rate during that time period was 9%.
• Botswana has been maintaining budget surpluses and they have a large foreign exchange reserve.
• The mining industry plays an important part in the economic growth and accounts for 36% of the GDP.
• Agriculture in the country is low and accounts for only 1% of the total GDP.
• Top industries are textiles, salt, diamonds, soda ash, nickel, potash, livestock processing, and copper.
• Export products are soda ash, textiles, meat, copper, diamonds, and nickel.
• The top export product of Botswana is diamonds.
• Import products are electrical goods, textiles, paper products, wood, petroleum and fuel products, machinery, and foodstuffs.
• Unemployment is estimated at 7%.
• Botswana’s military expenditures are considered high and are criticized by the international market.
• 70% of the country’s electricity is imported from South Africa.

History

• In 1976, the Pula was introduced to replace the South African Rand. Banknotes were printed in denominations of 10, 5, 2, and 1 Pula.
• In 1978, the first 20-pula note was introduced.
• From 1991 to 1994, the 1-pula banknotes and 2-pula banknotes were replaced by coins.
• In 2000, the 5-pula banknote was replaced with a coin. The original banknotes were discontinued and are no longer part of the currency.
• In 2009, the latest Pula notes were introduced and the first 200-pula note was introduced.

More information about BWP - Botswanan Pula (BWP)