AFN to MDL

AFN - Afghan Afghani (؋)
MDL - Moldovan Leu (L)
1 AFN1 MDL

Currency conversion rates from AFN to MDL

AFNMDL
1 AFN1 MDL
5 AFN5 MDL
10 AFN10 MDL
20 AFN20 MDL
50 AFN50 MDL
100 AFN100 MDL
250 AFN250 MDL
500 AFN500 MDL
1000 AFN1000 MDL
2000 AFN2000 MDL
5000 AFN5000 MDL
10000 AFN10000 MDL
MDLAFN
1 MDL1 AFN
5 MDL5 AFN
10 MDL10 AFN
20 MDL20 AFN
50 MDL50 AFN
100 MDL100 AFN
250 MDL250 AFN
500 MDL500 AFN
1000 MDL1000 AFN
2000 MDL2000 AFN
5000 MDL5000 AFN
10000 MDL10000 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 (؋)


MDL - Moldovan Leu (MDL)

Moldovan Leu

The Moldovan Leu is the official currency of Moldova. The Leu is subdivided into 100 bani. The name Leu is derived from Romanian and means lion. The Moldovan Leu was created after Moldova became independent from Romania. Previously, the Romanian Leu had been in circulation.

The Moldovan Leu is the currency in Moldova (Republic of Moldova, MD, MDA). The exchange rate for the Moldovan Leu was last updated on May 24, 2019 from Yahoo Finance. The MDL conversion factor has 4 significant digits.

Economy

  • Moldova has experienced economic crises and other challenges, but the government has remained solid and focused on gradual economic growth and development. GDP growth reached 2.1% in the year 2000, and an increased growth rate was achieved in 2001.
  • The Moldovan economy is negatively affected by elevated fuel prices, poor weather and agricultural conditions, and uncertainty of foreign investors about the country’s trading ability.

History

  • From 1918 to 1940 and from 1941 to 1944, Moldova was a part of Romania. The Romanian Leu was the country’s currency, including eastern Moldova.
  • The Moldovan Leu was introduced on November 29, 1993, after the breakdown of the Soviet Union. When Moldova became independent from Romania, the Moldovan Leu replaced the cupon currency at the rate of 1 Leu = 1,000 Cupon.
  • In Transnistria, a partially recognized state claimed by Moldova, the currency unit is the Transnistrian Ruble, not the Moldovan Leu.

More information about MDL - Moldovan Leu (MDL)