AFN to MAD

AFN - Afghan Afghani (؋)
MAD - Moroccan Dirham (د.م.‏)
1 AFN1 MAD

Currency conversion rates from AFN to MAD

AFNMAD
1 AFN1 MAD
5 AFN5 MAD
10 AFN10 MAD
20 AFN20 MAD
50 AFN50 MAD
100 AFN100 MAD
250 AFN250 MAD
500 AFN500 MAD
1000 AFN1000 MAD
2000 AFN2000 MAD
5000 AFN5000 MAD
10000 AFN10000 MAD
MADAFN
1 MAD1 AFN
5 MAD5 AFN
10 MAD10 AFN
20 MAD20 AFN
50 MAD50 AFN
100 MAD100 AFN
250 MAD250 AFN
500 MAD500 AFN
1000 MAD1000 AFN
2000 MAD2000 AFN
5000 MAD5000 AFN
10000 MAD10000 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 (؋)


MAD - Moroccan Dirham (د.م.)

The Moroccan dirham is the official currency of the Kingdom of Morocco. Its currency code is MAD, and its symbol is .د.م. It is also referred to in English as ‘dh.’ The MAD conversion factor has 4 significant digits. It is a fiat currency.

The Dirham is the currency of Morocco. The plural form of Dirham is Darahim, but in English and French Dirham is used for the plural. The Dirham is released by The Central Bank of Morocco, the Bank Al-Maghrib. The Dirham is also the de facto currency in Western Sahara. Although the Dirham is considered a wholly convertible currency, its export is prohibited by law, but is uncontrolled.

The Moroccan Dirham is the currency in Morocco (MA, MAR). The symbol for MAD can be written DH. The Moroccan Dirham is divided into 100 centimes. The exchange rate for the Moroccan Dirham was last updated on May 24, 2019 from Yahoo Finance. The MAD conversion factor has 4 significant digits.

Economy

  • Morocco’s main economic problems are foreign trade, achieving sustainable economic growth, restraining government spending, and reducing constraints on private activities.
  • In the year 2002, significant shortage lowered activity in the agricultural sector, which led to a dormant economy.
  • Morocco’s economy was boosted after successful huge transactions from the sale of mobile cell phone licenses and from privatizing the state-owned telecommunication and tobacco companies.
  • The state’s long-term challenges include preparing the economy for freer trading with other countries, as well as improving education and attracting foreign investors in order to maintain living standards and job opportunities for Morocco’s youth.

History

  • The Moroccan Dirham originated in the Byzantine Empire’s drachm and was used in Arabia and the Levant during the pre-Islamic era. The word Dirham came from the Roman word denarius.
  • Before the introduction of modern coinage in 1882, Morocco issued copper coins denominated in falus, silver coins denominated in dirham, and gold coins denominated in benduqi.
  • In 1882, the Dirham became a part of the Moroccan Rial, with 50 Mazunas = 10 Dirham = 1 Rial.
  • When Morocco became a French state in 1921, it switched to the Moroccan Franc currency.
  • The Dirham was re-introduced in 1960. It replaced the Moroccan Franc as the major unit of currency but, until 1974, the Franc continued to circulate, with 1 Dirham = 100 Francs.
  • In 1977, a new design of banknotes was issued and the National bank took over the printing of banknotes.

More information about MAD - Moroccan Dirham (د.م.)