AFN to DZD

AFN - Afghan Afghani (؋)
DZD - Algerian Dinar (د.ج.‏)
1 AFN1 DZD

Currency conversion rates from AFN to DZD

AFNDZD
1 AFN1 DZD
5 AFN5 DZD
10 AFN10 DZD
20 AFN20 DZD
50 AFN50 DZD
100 AFN100 DZD
250 AFN250 DZD
500 AFN500 DZD
1000 AFN1000 DZD
2000 AFN2000 DZD
5000 AFN5000 DZD
10000 AFN10000 DZD
DZDAFN
1 DZD1 AFN
5 DZD5 AFN
10 DZD10 AFN
20 DZD20 AFN
50 DZD50 AFN
100 DZD100 AFN
250 DZD250 AFN
500 DZD500 AFN
1000 DZD1000 AFN
2000 DZD2000 AFN
5000 DZD5000 AFN
10000 DZD10000 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 (؋)


DZD - Algerian Dinar (DZD)

Algerian Dinar

The official currency for Algeria is the Algerian Dinar (DZD). The Dinar is divided into santeem; 1 Dinar = 100 santeem. Bank notes are issued by the Central Bank of Algeria. The symbol for the Dinar is DA; the Arabic symbol is (د.ج).

The Algerian Dinar is the currency in Algeria (DZ, DZA). The symbol for DZD can be written DA. The Algerian Dinar is divided into 100 centimes. The exchange rate for the Algerian Dinar was last updated on Today from The International Monetary Fund. The DZD conversion factor has 6 significant digits.

Economy

  • Algeria relies on the export of natural gas and petroleum.
  • The Algerian economy is based on industry, which accounts for 61% of the yearly GDP.
  • Unemployment in the country is 10.2%.
  • The main industries are natural gas and petroleum.
  • 97% of the export products are petroleum products, natural gas, and petroleum. Other export products are wool, grapes, fruit, iron, ore, wine, and cereals.
  • Import products are consumer goods, foodstuffs, and capital goods.
  • Inflation is rated at 5.7%.
  • Fishing and agriculture account for a small part of the economy.
  • Algeria has an abundance of minerals. The mining industry consists of copper, zinc, lead, iron, mercury, and calamine.
  • Trade and foreign investments are lacking; more growth is needed in this sector. A new law was passed in 2005 to encourage investment.

History

  • In 1964, the Algerian Dinar replaced the Algerian Franc. Banknotes were distributed in 5, 10, and 100 Dinar denominations. Coins were also issued in 50, 20, 10, 5, 2, and 1 santeem denominations.
  • Commemorative coins were issued sporadically during the following decades.
  • In 1970, the 500 dinar banknote was added.
  • The 1 and 2 santeem coins were later withdrawn.
  • In the 1980s, the 20, 10, and 5 santeem coins were withdrawn.
  • In 1992, a new series of coins was introduced, as well as a new 100 dinar banknote.

More information about DZD - Algerian Dinar (DZD)