AFN to ERN

AFN - Afghan Afghani (؋)
ERN - Eritrean Nakfa (Nfk)
1 AFN1 ERN

Currency conversion rates from AFN to ERN

AFNERN
1 AFN1 ERN
5 AFN5 ERN
10 AFN10 ERN
20 AFN20 ERN
50 AFN50 ERN
100 AFN100 ERN
250 AFN250 ERN
500 AFN500 ERN
1000 AFN1000 ERN
2000 AFN2000 ERN
5000 AFN5000 ERN
10000 AFN10000 ERN
ERNAFN
1 ERN1 AFN
5 ERN5 AFN
10 ERN10 AFN
20 ERN20 AFN
50 ERN50 AFN
100 ERN100 AFN
250 ERN250 AFN
500 ERN500 AFN
1000 ERN1000 AFN
2000 ERN2000 AFN
5000 ERN5000 AFN
10000 ERN10000 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 (؋)


ERN - Eritrean Nakfa (ERN)

Eritrean Nakfa

The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

More information about ERN - Eritrean Nakfa (ERN)