AFN to CNY

AFN - Afghan Afghani (؋)
CNY - Chinese Yuan (¥)
1 AFN1 CNY

Currency conversion rates from AFN to CNY

AFNCNY
1 AFN1 CNY
5 AFN5 CNY
10 AFN10 CNY
20 AFN20 CNY
50 AFN50 CNY
100 AFN100 CNY
250 AFN250 CNY
500 AFN500 CNY
1000 AFN1000 CNY
2000 AFN2000 CNY
5000 AFN5000 CNY
10000 AFN10000 CNY
CNYAFN
1 CNY1 AFN
5 CNY5 AFN
10 CNY10 AFN
20 CNY20 AFN
50 CNY50 AFN
100 CNY100 AFN
250 CNY250 AFN
500 CNY500 AFN
1000 CNY1000 AFN
2000 CNY2000 AFN
5000 CNY5000 AFN
10000 CNY10000 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 (؋)


CNY - Chinese Yuan (¥)

The Chinese yuan is the official currency of Mainland China. Technically, the yuan is the base unit of the renminbi currency (RMB), but it is sometimes referred to interchangeably with the renminbi.

The Chinese Yuan is the currency in China (CN, CHN). The Chinese Yuan is also known as Yuans, RMB, and Renminbi. The symbol for CNY can be written Y. The Chinese Yuan is divided into 10 jiao or 100 fen. The exchange rate for the Chinese Yuan was last updated on Today from The International Monetary Fund. The CNY conversion factor has 6 significant digits.

More information about CNY - Chinese Yuan (¥)