AFN to CLP

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.

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CLP - Chilean Peso ($)

The Chilean peso is the official currency of Chile. The peso’s currency code is CLP and the symbol is $. ‘CLP$’ can be used to distinguish it from the US dollar. Its conversion factor has 6 significant digits. The peso is a fiat currency.

The Chilean Peso (CLP) is the official currency of Chile. The symbol for the Peso is $. The Peso is divided into 100 centavos, but there are no centavo coins in circulation.

The Chilean Peso is the currency in Chile (CL, CHL). The symbol for CLP can be written Ch$. The Chilean Peso is divided into 100 centavos. The exchange rate for the Chilean Peso was last updated on Today from The International Monetary Fund. The CLP conversion factor has 6 significant digits.

Economy

• The World Bank classifies Chile as an upper income economy.
• Chile’s economy is prosperous and stable.
• The GDP is rated the highest in Latin America.
• The main industries are textile, cement, fish processing, minerals, copper, wood, foodstuffs, and transportation equipment.
• Export products are wine, crude oil, copper, pulp and paper, fish products, and copper.
• Import products are telecommunications, electrical goods, vehicles, chemicals, and natural gas.
• Chile produces salmon and is rated the 2nd largest producer in the world.
• Agriculture and mining account for 22.5% of the GDP.
• The main source of income for Chile is the service industry, which accounts for 54% of the GDP.
• Agricultural products for Chile are apples, onions, corn, wheat, oats, fish, timber, asparagus, garlic, and beef.
• It is said that by 2012 the agricultural exports of Chile will be 74% duty-free.

History

• In 1817, the first edition of the Peso was introduced and was valued against the Spanish Real.
• In 1851, the Peso equaled 5 French francs.
• In 1960, the Peso was replaced by the Escudo at a rate of 1,000 Pesos = 1 Escudo.
• In 1975, the second edition of the Peso was introduced to replace the escudo. 1,000 escudos = 1 peso.
• Until 1984, the Peso was divided into 100 centavos.
• In 2011, a new 1,000-peso banknote was issued.

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