AFN to MOP

AFN - Afghan Afghani (؋)
MOP - Macanese Pataca (MOP$)
1 AFN1 MOP

Currency conversion rates from AFN to MOP

AFNMOP
1 AFN1 MOP
5 AFN5 MOP
10 AFN10 MOP
20 AFN20 MOP
50 AFN50 MOP
100 AFN100 MOP
250 AFN250 MOP
500 AFN500 MOP
1000 AFN1000 MOP
2000 AFN2000 MOP
5000 AFN5000 MOP
10000 AFN10000 MOP
MOPAFN
1 MOP1 AFN
5 MOP5 AFN
10 MOP10 AFN
20 MOP20 AFN
50 MOP50 AFN
100 MOP100 AFN
250 MOP250 AFN
500 MOP500 AFN
1000 MOP1000 AFN
2000 MOP2000 AFN
5000 MOP5000 AFN
10000 MOP10000 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 (؋)


MOP - Macanese Pataca (MOP)

Macanese Pataca

The Pataca is Macau’s official currency. The currency board system in Macau issues Macanese Pataca, which are 100% backed by the foreign exchange reserves of the Hong Kong Dollar. In addition, the Monetary Authority of Macau is responsible for issuing and exchanging patacas against demand for the Hong Kong Dollar at fixed rates without limits.

The Macau Pataca is the currency in Macau (MO, MAC). The symbol for MOP can be written P. The Macau Pataca is divided into 100 avos. The exchange rate for the Macau Pataca was last updated on May 24, 2019 from Yahoo Finance. The MOP conversion factor has 5 significant digits.

Economy

  • Macau’s economy has had vigorous growth in recent years, due mainly to its growing transportation, tourism, and gaming sectors.
  • According to Foreign Direct Investment, Macau’s casino industry is making Macau the world’s largest gaming center.
  • Macau’s growing casinos, together with China’s decision to loosen travel restrictions, has boosted Macau’s transportation and tourism industry.
  • In 2005, Macau’s customary textile trading industry has gradually shifted to China, due to the expiry of the Multi-Fiber Agreement.
  • The tariff-free movement of goods from Macau to China was made possible by a Closer Economic Partnership Agreement signed by both countries.

History

  • In 1894, the Pataca was introduced in Macau and Portuguese Timor, but was not an official currency.
  • Until the end of the 19th century, the only circulating coins used in Macau were British silver trade dollars of Hong Kong silver, Mexican Dollars, and the fractional coinage of Canton and the Straits Settlements.
  • In 1901, the Macau government decided to launch Macau’s official currency. The Banco Nacional Ultramarino was granted the right to issue legal banknotes in Patacas.
  • On January 27, 1906, Pataca banknotes in denominations of 1, 5, 50, and 100 were introduced, and the Pataca became the only official currency in Macau.
  • The first Macau coinage was introduced in 1952. A year later the last coins minted by East Timor were released.

More information about MOP - Macanese Pataca (MOP)