AFN to CUC

AFN - Afghan Afghani (؋)
CUC - Cuban Convertible Peso (CUC)
1 AFN1 CUC

Currency conversion rates from AFN to CUC

AFNCUC
1 AFN1 CUC
5 AFN5 CUC
10 AFN10 CUC
20 AFN20 CUC
50 AFN50 CUC
100 AFN100 CUC
250 AFN250 CUC
500 AFN500 CUC
1000 AFN1000 CUC
2000 AFN2000 CUC
5000 AFN5000 CUC
10000 AFN10000 CUC
CUCAFN
1 CUC1 AFN
5 CUC5 AFN
10 CUC10 AFN
20 CUC20 AFN
50 CUC50 AFN
100 CUC100 AFN
250 CUC250 AFN
500 CUC500 AFN
1000 CUC1000 AFN
2000 CUC2000 AFN
5000 CUC5000 AFN
10000 CUC10000 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 (؋)


CUC - Cuban Convertible Peso (CUC$)

Cuban Convertible Peso

The Cuban Convertible Peso (CUC) is one of two currencies used in Cuba. The other currency is simply called the Cuban Peso and has been in limited use since 1994. Retail stores and other businesses mainly use the Cuban Convertible Peso. The Convertible Peso can only be exchanged in Cuba itself. It is pegged to the US Dollar at par. The Convertible Peso is rated as the strongest Peso currency, as well as the 10th highest currency worldwide.

The Cuban Convertible Peso is the currency in Cuba (CU, CUB). The exchange rate for the Cuban Convertible Peso was last updated on Today from The International Monetary Fund. The CUC conversion factor has 6 significant digits.

Economy

  • Cuba’s economy is run by the state and seen as a planned economy.
  • The majority of the labor force works for the government. The unemployment rate is 1.7%.
  • Services account for 74% of the total GDP.
  • Top industries are tobacco, petroleum, steel, cement, pharmaceuticals, construction, nickel, agricultural machines, and sugar.
  • Export products are tobacco, shellfish, coffee, citrus, and medical products.
  • Import products are chemicals, equipment and machinery, food, and petroleum.
  • Cuba recently started attracting world-class pharmaceutical and biotechnology industries.
  • 80% of Cuba’s food is imported.
  • Tourism is growing rapidly, however the retail sector in Cuba is poorly run.
  • The Netherlands is the largest importer of Cuban products.

History

  • In 1994, the Cuban Convertible Peso was introduced alongside the existing Cuban Peso.
  • Until 2004, Cuba used the Peso (CUP) for non-luxury items and staples; the Convertible Peso and the US Dollar were used mainly in the tourism trade and for luxury items.
  • In 2004, the USD was take off the market due to sanctions. A 10% tax was charged for converting USDs to convertible pesos. This tax does not apply to any other currency.
  • In 2011, Cuba pegged the Convertible Peso to the USD at par.

More information about CUC - Cuban Convertible Peso (CUC$)