AFN to PAB

AFN - Afghan Afghani (؋)
PAB - Panamanian Balboa (B/.)
1 AFN1 PAB

Currency conversion rates from AFN to PAB

AFNPAB
1 AFN1 PAB
5 AFN5 PAB
10 AFN10 PAB
20 AFN20 PAB
50 AFN50 PAB
100 AFN100 PAB
250 AFN250 PAB
500 AFN500 PAB
1000 AFN1000 PAB
2000 AFN2000 PAB
5000 AFN5000 PAB
10000 AFN10000 PAB
PABAFN
1 PAB1 AFN
5 PAB5 AFN
10 PAB10 AFN
20 PAB20 AFN
50 PAB50 AFN
100 PAB100 AFN
250 PAB250 AFN
500 PAB500 AFN
1000 PAB1000 AFN
2000 PAB2000 AFN
5000 PAB5000 AFN
10000 PAB10000 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 (؋)


PAB - Panamanian Balboa (B/.)

Panamanian Balboa

The Balboa is one of the official currencies of Panama, along with the US Dollar. The name is in honor of Vasco Núñez de Balbo, who was a Spanish explorer. The Balboa is subdivided into 100 cents.

The Panamanian Balboa is the currency in Panama (PA, PAN). The symbol for PAB can be written B. The Panamanian Balboa is divided into 100 centesimos. The exchange rate for the Panamanian Balboa was last updated on May 24, 2019 from Yahoo Finance. The PAB conversion factor has 2 significant digits.

Economy

  • Panama has been experiencing economic and political difficulties in recent years. This has affected its economic growth and limited the average annual GDP to under 4%. The GDP rate could reach 6% if macroeconomic and political instability are achieved.
  • The government of Panama has poor tax revenues, which affect the budget, creating continuous deficits and limiting the public sector’s ability to fund infrastructure improvements and basic local services.
  • After the war between the United States and Afghanistan in 2001, Panama obtained financial help from the US, which has reduced the country’s international debt load.

History

  • Following independence in 1904, the Colombian Peso was replaced by the Panamanian Balboa as the circulating currency of the country.
  • The US Dollar, to which the Balboa is pegged, is also accepted in circulation at a fixed exchange rate of 1:1.

More information about PAB - Panamanian Balboa (B/.)