AFN to OMR

AFN - Afghan Afghani (؋)
OMR - Omani Rial (ر.ع.‏)
1 AFN1 OMR

Currency conversion rates from AFN to OMR

AFNOMR
1 AFN1 OMR
5 AFN5 OMR
10 AFN10 OMR
20 AFN20 OMR
50 AFN50 OMR
100 AFN100 OMR
250 AFN250 OMR
500 AFN500 OMR
1000 AFN1000 OMR
2000 AFN2000 OMR
5000 AFN5000 OMR
10000 AFN10000 OMR
OMRAFN
1 OMR1 AFN
5 OMR5 AFN
10 OMR10 AFN
20 OMR20 AFN
50 OMR50 AFN
100 OMR100 AFN
250 OMR250 AFN
500 OMR500 AFN
1000 OMR1000 AFN
2000 OMR2000 AFN
5000 OMR5000 AFN
10000 OMR10000 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 (؋)


OMR - Omani Rial (OMR)

Omani Rial

The Omani Rial is the official currency of Oman.

The Omani Rial is the currency in Oman (OM, OMN). The Omani Rial is also known as the Omani Riyal. The symbol for OMR can be written RO. The Omani Rial is divided into 1000 baizas. The exchange rate for the Omani Rial was last updated on Today from The International Monetary Fund. The OMR conversion factor has 6 significant digits.

Economy

  • Oman’s has achieved significant economic growth since the early 1990s based on the increase in oil prices in 1999.
  • Oman liberalized its markets in order gain membership in the World Trade Organization, which it joined in 2000.
  • The main supports of the economy are no longer goat and camel herding, traditional handicrafts, fishing, and agriculture.
  • At present, Oman’s economy is based in its oil industry. Oil was discovered in 1964 by Fahud in the western desert, and oil production began in August 1967.
  • In the mid-2002, oil production was more than 900,000 barrels per day. Its oil production maintained and supported its exporting demands, but Oman is not a member of the Organization of Petroleum Exporting Countries (OPEC).

History

  • The Indian Rupee and Maria Theresa Thaler were the main currencies in Muscat and Oman. Indian Rupees circulated on the coast and the Thaler was used in the interior.
  • In 1940, coins were introduced in Dhofar, and in 1946 another series of coins was issued for use in Oman. Both coins were denominated in Baisa, with a rate of 200 Baisa = 1 Rial.
  • The Saudi Riyal became the official currency of Oman in 1970. The Saudi Riyal was equivalent to the British Pound and replaced the Gulf Rupee at a rate of 21 Rupees = 1 Rial.
  • The Omani Rial replaced the Saudi Riyal in 1973.

More information about OMR - Omani Rial (OMR)