AFN to GTQ

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 (؋)

GTQ - Guatemalan Quetzal (Q)

Guatemalan Quetzal

The Quetzal is the official currency of Guatemala, a country in Central America.  Guatemala is bordered by Mexico to the north and west, by the Pacific Ocean to the southwest, by Belize to the northeast, by the Caribbean Sea to the east, and by Honduras and El Salvador to the southeast.

The Guatemalan Quetzal is the currency in Guatemala (GT, GTM). The Guatemalan Quetzal is also known as Quetzals. The symbol for GTQ can be written Q. The Guatemalan Quetzal is divided into 100 centavos. The exchange rate for the Guatemalan Quetzal was last updated on May 24, 2019 from Yahoo Finance. The GTQ conversion factor has 4 significant digits.

Economy

• According to the CIA World Factbook, Guatemala's GDP (PPP) per capita is USD $ 5,000; however, this developing country still faces many social problems and is one of the poorest countries in Latin America.
• Income distribution remains highly unequal, with over half the population living below the national poverty line and just over 400,000 (3.2%) unemployed.
• The service sector is the largest component of GDP at 58.7%, followed by agriculture at 22.1%, and the industrial sector at 19.1% (2006 estimates). Mines produce gold, silver, zinc, cobalt and nickel.
• The agricultural sector accounts for approximately one quarter of GDP, two-fifths of exports and half of the workforce. Organic coffee, sugar, textiles, fresh vegetables, and bananas are the main exports.

History

• The Guatemalan Quetzal was introduced in 1925 during the tenure of President Jose Maria Orellana, whose image still appears on the obverse of the one-quetzal notes.
• The first banknotes were issued by the Central Bank of Guatemala, in denominations of 1, 2, 5, 10, 20 and 100 quetzals; and coins in denominations of 1, 5, 10 cents, ¼, ½ and 1 quetzal.
• 50-quetzal bills were introduced in 1967, and ½ and one-quetzal coins reintroduced in 1990.
• Until 1987, the quetzal was pegged to the US Dollar.

More information about GTQ - Guatemalan Quetzal (Q)