AFN to PEN

AFN - Afghan Afghani (؋)
PEN - Peruvian Sol (S/)
1 AFN1 PEN

Currency conversion rates from AFN to PEN

AFNPEN
1 AFN1 PEN
5 AFN5 PEN
10 AFN10 PEN
20 AFN20 PEN
50 AFN50 PEN
100 AFN100 PEN
250 AFN250 PEN
500 AFN500 PEN
1000 AFN1000 PEN
2000 AFN2000 PEN
5000 AFN5000 PEN
10000 AFN10000 PEN
PENAFN
1 PEN1 AFN
5 PEN5 AFN
10 PEN10 AFN
20 PEN20 AFN
50 PEN50 AFN
100 PEN100 AFN
250 PEN250 AFN
500 PEN500 AFN
1000 PEN1000 AFN
2000 PEN2000 AFN
5000 PEN5000 AFN
10000 PEN10000 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 (؋)


PEN - Peruvian Sol (S/.)

Peruvian Sol

The Nuevo Sol is the currency of Peru. It is subdivided into one hundred centimos. The name is derived from Peru's historic currency; the Sol was used during the 19th century until 1985. The origin of the word was from the Latin word solidus, but the name is also related to the Spanish solar.

The Peruvian Nuevo Sol is the currency in Peru (PE, PER). The symbol for PEN can be written S. The Peruvian Nuevo Sol is divided into 100 centimos. The exchange rate for the Peruvian Nuevo Sol was last updated on May 22, 2019 from The International Monetary Fund. The PEN conversion factor has 6 significant digits.

Economy

  • Peru is a developing economy that is market-oriented, characterized by an increasing degree of overseas trade but also an excessive degree of inequality.
  • The financial system of Peru is the forty-second largest in the world.
  • Its economic system is diverse even though the merchandise exports is needed, the commerce and business are located in Lima however the agricultural exports was able to create progress in all of the regions.
  • From the past, the country's financial administration is tied to exports that give exhausting currency to finance imports and exterior debt payments.
  • Peru's essential exports are zinc, copper, gold, chemicals, textiles, prescribed drugs, equipment, manufactures, fish meal and companies; its main commerce companions are the China, United States, Brazil, Chile and European Union.

History

  • Peruvian Nuevo Sol is one of the crucial steady and reliable currencies and also being the currency that is least affected by the weak greenback world tendency at that time.
  • In 1980s, there was a dangerous state of economy and hyperinflation in the federal government and was therefore pressured to desert the inti that was introduced Nuevo Sol being the country’s new banknote.
  • Cash denominated within the appended unit have been brought in on October 1, 1991 adding the primary currency on November 13, 1991.
  • Since the brand-new foreign money was implementing, it has staggered to maintain up a secure alternate rate from 2.3 to 3.65 Nuevo Soles per Dollar.

More information about PEN - Peruvian Sol (S/.)