AFN to LTL

AFN - Afghan Afghani (؋)
LTL - Lithuanian litas (LTL)
1 AFN1 LTL

Currency conversion rates from AFN to LTL

AFNLTL
1 AFN1 LTL
5 AFN5 LTL
10 AFN10 LTL
20 AFN20 LTL
50 AFN50 LTL
100 AFN100 LTL
250 AFN250 LTL
500 AFN500 LTL
1000 AFN1000 LTL
2000 AFN2000 LTL
5000 AFN5000 LTL
10000 AFN10000 LTL
LTLAFN
1 LTL1 AFN
5 LTL5 AFN
10 LTL10 AFN
20 LTL20 AFN
50 LTL50 AFN
100 LTL100 AFN
250 LTL250 AFN
500 LTL500 AFN
1000 LTL1000 AFN
2000 LTL2000 AFN
5000 LTL5000 AFN
10000 LTL10000 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 (؋)


LTL - Lithuanian Litas (Lt)

Lithuanian Litas

The Lithuanian Litas is the officially currency of Lithuania. The name was chosen after the name of the country. From 1994 to 2002, the Litas was pegged to the US Dollar at a fixed rate of 4:1. More recently, the Litas was pegged to the Euro at a rate of 3.4528:1. The euro was Expected to replace the litas on January 1, 2010, but because of the Litas’s inflation rate and Lithuania’s economic crisis, the replacement has been moved to January 1, 2014.

The Lithuanian Litas is the currency in Lithuania (LT, LTU). The Lithuanian Litas is divided into 100 centu. The exchange rate for the Lithuanian Litas was last updated on August 24, 2018 from Bloomberg. The LTL conversion factor has 4 significant digits.

Economy

  • When Russia suffered an economic crisis in 1998, Lithuania was the Baltic state that accounted for almost all trade with Russia.
  • When facing an economic crisis, Lithuania responded to the challenge. Unemployment went down, while investment and domestic utilization and trade increased.
  • Lithuania is a member of the World Trade Organization and joined the EU in May 2004. It is continuing its privatization of state-owned utilities; more than 80% of all enterprises have been privatized.
  • Neighboring countries have helped to transform Lithuania into a market economy.

History

  • The first Litas was introduced on October 2, 1922, replacing the Ostmark and Ostruble.
  • In March 1923, the flow of Litas amounted to 39,412,984 Litai, backed by 15,738,964 in actual gold and 24,000,000 in elevated exchange securities.
  • By 1938, 1 US Dollar was equal to about 5.9 litai; 1 Litas = about 20 U.S. cents.
  • In April 1941, when Lithuania was taken over by the Soviet Union, the Litas was replaced by the Soviet Ruble.

More information about LTL - Lithuanian Litas (Lt)