AFN to MRO

AFN - Afghan Afghani (؋)
MRO - Mauritanian Ouguiya (أ.م.‏)
1 AFN1 MRO

Currency conversion rates from AFN to MRO

AFNMRO
1 AFN1 MRO
5 AFN5 MRO
10 AFN10 MRO
20 AFN20 MRO
50 AFN50 MRO
100 AFN100 MRO
250 AFN250 MRO
500 AFN500 MRO
1000 AFN1000 MRO
2000 AFN2000 MRO
5000 AFN5000 MRO
10000 AFN10000 MRO
MROAFN
1 MRO1 AFN
5 MRO5 AFN
10 MRO10 AFN
20 MRO20 AFN
50 MRO50 AFN
100 MRO100 AFN
250 MRO250 AFN
500 MRO500 AFN
1000 MRO1000 AFN
2000 MRO2000 AFN
5000 MRO5000 AFN
10000 MRO10000 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 (؋)


MRO - Mauritanian Ouguiya (1973–2017) (MRO)

Mauritanian Ouguiya (1973–2017)

The Ouguiya, or Ougiya, is the official currency of Mauritania. It is the only circulating currency other than the Malagasy Ariary whose subdivision units are not supported on a power of ten, and makes every Ouguiya to contain five khoums.

The Mauritania Ouguiya is the currency in Mauritania (MR, MRT). The symbol for MRO can be written UM. The Mauritania Ouguiya is divided into 5 khoums. The exchange rate for the Mauritania Ouguiya was last updated on May 24, 2019 from Yahoo Finance. The MRO conversion factor has 4 significant digits.

Economy

  • The majority of the population in Mauritania depends entirely on agriculture and livestock as means of livelihood.
  • Almost 50% of its exports stem from its many iron ore deposits. Due to the increase in metal prices, gold and copper mining companies have been established in the center of the country.
  • Mauritania’s coastal waters are one of the richest fishing areas in the world, but over-exploitation by outsiders is a threat to this key source of revenue.
  • In 1986, Mauritania opened its first deepwater port, near Nouakchott.
  • In recent years, famine and economic mismanagement have lead into an increase in foreign debt.
  • In March 1999, the Mauritanian government signed an agreement for $54 million with the World Bank/International Monetary Fund, under the Enhanced Structural Adjustment Facility (ESAF) program to drive GDP growth. Under the program, economic objectives were set for Mauritania; however privatization remains a major unresolved issue which may prevent them from meeting specified targets.

History

  • In 1973, the Ouguiya was first introduced to replace the CFA Franc, at a rate of 1 Ouguiya = 5 Francs.
  • The most recent issues of the Ouguiya were in 2003 and 2004. The coins were minted at Kremnica, Slovakia.
  • In 2009, the coinage was changed, with a plated composition 1 Ouguiya. Bimetallic 20 and 50 Ouguiya coins were issued by December 2010.

More information about MRO - Mauritanian Ouguiya (1973–2017) (MRO)