AFN to QAR

AFN - Afghan Afghani (؋)
QAR - Qatari Rial (ر.ق.‏)
1 AFN1 QAR

Currency conversion rates from AFN to QAR

AFNQAR
1 AFN1 QAR
5 AFN5 QAR
10 AFN10 QAR
20 AFN20 QAR
50 AFN50 QAR
100 AFN100 QAR
250 AFN250 QAR
500 AFN500 QAR
1000 AFN1000 QAR
2000 AFN2000 QAR
5000 AFN5000 QAR
10000 AFN10000 QAR
QARAFN
1 QAR1 AFN
5 QAR5 AFN
10 QAR10 AFN
20 QAR20 AFN
50 QAR50 AFN
100 QAR100 AFN
250 QAR250 AFN
500 QAR500 AFN
1000 QAR1000 AFN
2000 QAR2000 AFN
5000 QAR5000 AFN
10000 QAR10000 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 (؋)


QAR - Qatari Rial (QR)

Qatari Rial

The Rial is the foreign money of Qatar. That is subdivided into a hundred dirham and is aliased as QR (English).

The Qatari Riyal is the currency in Qatar (QA, QAT). The Qatari Riyal is also known as the Qatar Rial. The symbol for QAR can be written QR. The Qatari Riyal is divided into 100 dirhams. The exchange rate for the Qatari Riyal was last updated on Today from The International Monetary Fund. The QAR conversion factor has 6 significant digits.

Economy

  • The cornerstone of the economy is petrol and natural gas, an industry that was initiated in 1940. Oil and gas represent roughly half of GDP and 85% of exports.
  • Qatar has recently achieved high levels of economic growth due to the high prices of oil. Qatar is the second highest GDP per capita in the world due to oil prices.
  • Oil has made Qatar a profit per GDP which ranks including the highest within the world.
  • Qatar has no income tax, placing its population amongst the least taxed and wealthiest people in the world.
  • The Qatari government is attempting to diversify their economy, to reduce exposure to oil and gas. The country has introduced new developments, as well as tax incentives and capital investments, in order to attract international private investments and entrepreneurs.

History

  • Prior to 1966, Qatar’s currency was the Gulf Rupee – a currency issued by the Indian government.
  • Upon the devaluation of the Indian Rupee in 1966, Qatar abandoned the Gulf Rupee in favor of the Saudi Riyal for a few months, followed by the Qatar and Dubai Riyal on March 21, 1966.
  • Qatar first started issuing a standalone Qatari Rial currency in 1973. Banknotes and coins were issued in the same formats and increments as the previous Dubai and Qatar Riyal.

More information about QAR - Qatari Rial (QR)