AFN to FKP

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 (؋)

FKP - Falkland Islands Pound (£)

Falkland Islands Pound

The official currency for the Falkland Islands is the Falkland Islands Pound (FKP). The island forms part of the British Territory and is located in the South Atlantic. It symbol is the same as the British Pound Sterling (£), so the symbol FK£ is used to distinguish it from other Pound currencies. The FKP is pegged to the Sterling at par.

The Falkland Islands pound is the currency in Falkland Islands (Malvinas, FK, FLK). The symbol for FKP can be written F. The Falkland Islands pound is divided into 100 pence. The exchange rate for the Falkland Islands pound was last updated on Today from The International Monetary Fund. The FKP conversion factor has 6 significant digits.

Economy

• The Falkland Islands economy relied mainly on sheep farming from the 1870s to 1980.
• 80% of the islands consists of farmlands.
• After the 1980s the economy started to diversify and the tourism, commercial fishing, and agriculture sectors expanded.
• There is no unemployment on the islands; in fact there is a labor shortage.
• Main industries are wool productions, fishing, and tourism.
• Export products are hides, meat, and squid.
• Import products are clothing, drink and food, fuel, and building materials.
• Currently the islands are a destination of choice for cruise ships and people seeking a holiday.
• There is no central bank on the islands; the Standard Chartered Bank has a branch in Stanley.

History

• In 1833, the British Pound was introduced to the Falkland Islands.
• In 1989, Falkland Islands bank notes were issued and were circulated as the new Falkland Islands Pounds.
• In 1971, the Falkland Islands Pound was divided into 100 pence.
• In 1974, specific coins were minted for the Falkland Islands.
• The Argentinian Peso circulated during the Argentinian occupation.

More information about FKP - Falkland Islands Pound (£)