AFN to FJD

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 (؋)

FJD - Fijian Dollar (FJD)

Fijian Dollar

The Fiji Dollar (FJD) is the official currency of Fiji. The symbol for it is the dollar sign. The symbol FJ$ is used to distinguish the Fiji Dollar from the US Dollar. The FJD is subdivided into 100 cents.

The Fiji Dollar is the currency in Fiji (FJ, FJI). The symbol for FJD can be written F$. The Fiji Dollar is divided into 100 cents. The exchange rate for the Fiji Dollar was last updated on May 24, 2019 from Yahoo Finance. The FJD conversion factor has 3 significant digits.

Economy

• Fiji’s economy is one of the best developed in the Pacific islands. Tourism plays a major role in the economy.
• In 2006 Fiji launched a 20-year plan for the coconut industry.
• Import products are tobacco, beverages, foodstuffs, minerals, fuels, and machinery.
• Export products are garments, sugar, lumber, fish, ginger, and coconut oil.
• Agricultural products are rice, sweet potatoes, ginger, tapioca, sugar cane, goats, shrimp, pickles, pigs, and cattle.
• The service industry accounts for 77% of the annual GDP.
• The unemployment rate is estimated at 6% and inflation at 1.6%.
• Shrinkage in the economy occurred after the big drought in 1998 and the cyclone in 2003. Approximately 7,500 jobs became redundant because of these natural disasters.
• The economy of Fiji is also suffering because of the military coups that have taken place. Almost 61% of the skilled population has immigrated or left on working visas, due to the unstable political environment.

History

• The Fiji Dollar was introduced in 1867 and was used until 1873.
• In 1969, the Fiji Dollar was reintroduced.
• In 1974, the Central Monetary Authority was appointed as the official printers of paper money.
• In 1987, the Reserve Bank of Fiji started issuing banknotes.
• In 1995, the $1 bill was replaced with a coin, and the $50 note was introduced.
• In 2006, the Reserve Bank of Fiji announced the introduction of plastic-coated notes
• In 2007, the first $100 banknote was introduced.

More information about FJD - Fijian Dollar (FJD)