AFN to DOP

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 (؋)

DOP - Dominican Peso ($)

Dominican Peso

The Dominican Peso (DOP) is the official currency in the Dominican Republic. The symbol for the Peso is $. To distinguish between the US Dollar and the Peso the symbol RD$ is used. The subdivision for the Peso is centavos; 1 peso = 100 centavos.

The Dominican Peso is the currency in Dominican Republic (DO, DOM). The symbol for DOP can be written RD$. The Dominican Peso is divided into 100 centavos. The exchange rate for the Dominican Peso was last updated on May 24, 2019 from Yahoo Finance. The DOP conversion factor has 4 significant digits.

Economy

• The Dominican Republic’s economy is rated 2nd in the Caribbean.
• Tourism and agriculture play an important role in the economy.
• The tourism industry contributed more than 1 billion USD a year. Recently industry overtook agriculture.
• The main industries are textiles, cement, gold mining, tobacco, tourism, and sugar processing.
• Export products are meats, gold, sugar, silver, ferronickel, consumer goods, coffee, tobacco, and cocoa.
• Import products are fabrics and cotton, chemicals, petroleum, foodstuffs, and pharmaceuticals.
• Inflation is estimated at 6.3% and unemployment at 14.2%.
• The country trades mainly with the USA and is a free-trade zone.

History

• The Peso was introduced in 1844 after the country gained independence from Haiti.
• In 1877, the Peso was subdivided into centavos.
• A second currency called the Franco was introduced to the Dominican Republic from 1891 to 1897 and was used as an additional currency.
• In 1905, the US Dollar replaced the Peso at 5 Pesos = 1 USD.
• In 1937, the Peso Oro was distributed and was used along with the Dollar until 1947.
• In 1947, the first Peso banknotes were printed and distributed by the Central Bank.
• In 1961, the banknotes were extended to the lower Peso Oro notes.
• Since 1992, limited editions of the 2000 and 500 Peso Oro notes have been issued. In 2010 the 20 Peso polymer note was issued.

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