AFN to CAD

AFN - Afghan Afghani (؋)
CAD - Canadian Dollar ($)
1 AFN1 CAD

Currency conversion rates from AFN to CAD

AFNCAD
1 AFN1 CAD
5 AFN5 CAD
10 AFN10 CAD
20 AFN20 CAD
50 AFN50 CAD
100 AFN100 CAD
250 AFN250 CAD
500 AFN500 CAD
1000 AFN1000 CAD
2000 AFN2000 CAD
5000 AFN5000 CAD
10000 AFN10000 CAD
CADAFN
1 CAD1 AFN
5 CAD5 AFN
10 CAD10 AFN
20 CAD20 AFN
50 CAD50 AFN
100 CAD100 AFN
250 CAD250 AFN
500 CAD500 AFN
1000 CAD1000 AFN
2000 CAD2000 AFN
5000 CAD5000 AFN
10000 CAD10000 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 (؋)


CAD - Canadian Dollar (C$)

The Canadian dollar is the official currency of Canada. It’s the 5th most common reserve currency in the world. The code for the Canadian dollar is CAD and the symbol is $. The currency is issued by the Bank of Canada and printed by the Canadian Bank Note Company in Ottawa. The Canadian dollar is a fiat currency.

The Canadian Dollar (CAD) is the official currency of Canada. The symbol used for the Canadian Dollar is $, or C$ to distinguish it from other dollar currencies. The Canadian Dollar is subdivided into 100 cents.

The Canadian Dollar is the currency in Canada (CA, CAN). The symbol for CAD can be written Can$. The Canadian Dollar is divided into 100 cents. The exchange rate for the Canadian Dollar was last updated on May 22, 2019 from The International Monetary Fund. The CAD conversion factor has 6 significant digits.

Economy

  • Canada is rated the 9th largest economy in the world.
  • The economy of Canada is wealthy and stable.
  • Unemployment rate in Canada is estimated at 7.2%.
  • The main industries are chemicals, wood, paper products, food products, minerals, and transport equipment.
  • Export products are aircraft, telecommunications, timber, petroleum, crude, electronics, plastics, and machinery.
  • Import products are motor vehicles, machinery, equipment, durable goods, electricity, chemicals, and electronics.
  • 71% of the GDP is accounted for by the service industry.

History

  • The province of Canada adopted the Canadian Pound in 1841.
  • In 1851, Canada passed legislation and the pound sterling was introduced.
  • In 1853, the gold standard was introduced in Canada.
  • Decimal coinage was introduced in Canada in the year 1858.
  • The gold standard rate was fixed until 1990.
  • In 1867, Canada, Nova Scotia, and New Brunswick united and became the Dominion of Canada. Their three currencies were also united.
  • In 1871, Prince Edward Island joined the Dominion of Canada.
  • During the First World War the gold standard was abandoned temporarily and was dissolved in 1933.
  • The Canadian dollar exchange rate was fixed to the US Dollar at 1.1 CAD = 1 USD during the Second World War.
  • In 1949, use of the British Pound was terminated and the Dollar remained pegged to the USD at 1.1 CAD = 1 USD.
  • In the 1950s Canada decided to have a floating currency; however, in 1962 the currency became a fixed exchange rate again at 0.925 USD = 1 Canadian Dollar. The peg was kept until 1970.
  • After 1970, the Canadian dollar became a floating currency.

More information about CAD - Canadian Dollar (C$)