AFN to NOK

AFN - Afghan Afghani (؋)
NOK - Norwegian Krone (kr)
1 AFN1 NOK

Currency conversion rates from AFN to NOK

AFNNOK
1 AFN1 NOK
5 AFN5 NOK
10 AFN10 NOK
20 AFN20 NOK
50 AFN50 NOK
100 AFN100 NOK
250 AFN250 NOK
500 AFN500 NOK
1000 AFN1000 NOK
2000 AFN2000 NOK
5000 AFN5000 NOK
10000 AFN10000 NOK
NOKAFN
1 NOK1 AFN
5 NOK5 AFN
10 NOK10 AFN
20 NOK20 AFN
50 NOK50 AFN
100 NOK100 AFN
250 NOK250 AFN
500 NOK500 AFN
1000 NOK1000 AFN
2000 NOK2000 AFN
5000 NOK5000 AFN
10000 NOK10000 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 (؋)


NOK - Norwegian Krone (kr)

The Norwegian krone is the exclusive currency of Norway and its independent territories. As of 2016, the Norwegian krone was the 14th most traded currency in the world. It is most commonly traded for euros. The krone is considered a fiat currency.

The Kroner is the official currency of Norway. It is subdivided into 100 øre. The name translates into the English word crown.

The Norwegian Krone is the currency in Norway (NO, NOR, Dronning Maud Land), and Svalbard and Jan Mayen Islands (SJ, SJM). The Norwegian Krone is also known as Krones, and Krona. The symbol for NOK can be written NKr. The Norwegian Krone is divided into 100 ore. The exchange rate for the Norwegian Krone was last updated on Today from The International Monetary Fund. The NOK conversion factor has 6 significant digits.

Economy

  • Norway’s economy is well-developed, with heavy state ownership in planned parts of the economy. The economy has shown vigorous growth since the beginning of the industrial period.
  • Shipping has been a long-term support of the export sector, but its economic development has been stimulated by the profusion of natural resources, which include hydroelectric power, fisheries, petroleum exploration, and manufacture.
  • Agriculture and manufacturing have experienced decline, in contrast to the oil industries and other services. The public sector is one of the largest in the world in terms of the overall percentage of GDP.
  • Norway has both a very high standard of living and a strong welfare structure, unlike other European countries.

History

  • The Kroner was first introduced in 1875 to replace the Norwegian Speciedaler, at a fixed rate of 4 Kroner = 1 Speciedaler. This pushed Norway to join the Scandinavian Monetary Union, which was established in 1873.
  • The Scandinavian Monetary Union continued until 1914; after its suspension, Sweden, Norway, and Denmark decided to keep the names of their respective currencies.
  • In December 1992 the Norges Bank (the central bank of Norway) discarded the fixed exchange rate, due to heavy speculation against the Kroner. The restatement of the exchange rate led to a shortfall of approximately 2 billion Kroner for foreign coinage reserves of the Norwegian Central Bank.

More information about NOK - Norwegian Krone (kr)