AFN to LSL

AFN - Afghan Afghani (؋)
LSL - Lesotho Loti (LSL)
1 AFN1 LSL

Currency conversion rates from AFN to LSL

AFNLSL
1 AFN1 LSL
5 AFN5 LSL
10 AFN10 LSL
20 AFN20 LSL
50 AFN50 LSL
100 AFN100 LSL
250 AFN250 LSL
500 AFN500 LSL
1000 AFN1000 LSL
2000 AFN2000 LSL
5000 AFN5000 LSL
10000 AFN10000 LSL
LSLAFN
1 LSL1 AFN
5 LSL5 AFN
10 LSL10 AFN
20 LSL20 AFN
50 LSL50 AFN
100 LSL100 AFN
250 LSL250 AFN
500 LSL500 AFN
1000 LSL1000 AFN
2000 LSL2000 AFN
5000 LSL5000 AFN
10000 LSL10000 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 (؋)


LSL - Lesotho Loti (LSL)

Lesotho Loti

The Loti is the official currency of the Kingdom of Lesotho. It is divided into 100 lisente. The Loti is pegged to the South African Rand on a 1:1 ratio by the Common Monetary Area, and both currencies are accepted as legal tender in Lesotho.

The Lesotho Loti is the currency in Lesotho (LS, LSO). The symbol for LSL can be written L, and M. The Lesotho Loti is divided into 100 lisente. The exchange rate for the Lesotho Loti was last updated on May 24, 2019 from Yahoo Finance. The LSL conversion factor has 5 significant digits.

Economy

  • Lesotho’s economy is based on manufacturing, livestock, agriculture, and the wages of laborers who work in South Africa.
  • Water is Lesotho’s most important source of economic stability. It is being developed through a 30-year, multi-billion dollar project, the Lesotho Highlands Water Project (LHWP), that started in 1986.
  • Lesotho has received economic assistance from many sources, including the United States, World Bank, United Kingdom, European Union, and Germany.
  • Lesotho is a member of the Southern African Customs Union (SACU), whose purpose is to control tariffs on the trading of goods among the member countries. There is also a general currency unit and trade control area known as the Rand Monetary Area, which uses the South African rand.

History

  • The Loti was first introduced in 1966 as a non-circulating currency.
  • Lesotho issued its first coins, denominated in both Loti and lisente, in 1980. These replaced the South African Rand as legal tender.
  • In 1980, Lesotho introduced the Loti as its own currency unit. One hundred lisente is equal to one Loti. The Loti is also equal with the South African Rand.
  • In 1980, coins dated 1979 were issued 1, 2, 5, 10, 25 and 50 lisente denominations, as well as 1 Loti.
  • In 1996, Loti coins were introduced in denominations of 2 and 5, followed by 20 lisente in 1998.

More information about LSL - Lesotho Loti (LSL)