AFN to RON

AFN - Afghan Afghani (؋)
RON - Romanian Leu (RON)
1 AFN1 RON

Currency conversion rates from AFN to RON

AFNRON
1 AFN1 RON
5 AFN5 RON
10 AFN10 RON
20 AFN20 RON
50 AFN50 RON
100 AFN100 RON
250 AFN250 RON
500 AFN500 RON
1000 AFN1000 RON
2000 AFN2000 RON
5000 AFN5000 RON
10000 AFN10000 RON
RONAFN
1 RON1 AFN
5 RON5 AFN
10 RON10 AFN
20 RON20 AFN
50 RON50 AFN
100 RON100 AFN
250 RON250 AFN
500 RON500 AFN
1000 RON1000 AFN
2000 RON2000 AFN
5000 RON5000 AFN
10000 RON10000 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 (؋)


RON - Romanian Leu (L)

The Romanian leu is the currency of Romania. Both its currency code and its foreign exchange symbol are RON. There are no other symbols used to identify the currency. You’ll see it written as ‘1 leu’ or, using lei as plural, ‘2 lei’. The leu is a fiat currency, and its conversion factor consists of 5 significant digits. The most popular Romanian leu exchange is with the euro.

The Leu (plural = Lei) is the foreign money of Romania. Leu literally means “lion” in English. It is partitioned into one hundred bani (singular = ban).

The Romainian Leu is the currency in Romania (RO, ROM). The symbol for RON can be written L. The Romainian Leu is divided into 100 bani. The exchange rate for the Romainian Leu was last updated on May 24, 2019 from Yahoo Finance. The RON conversion factor has 4 significant digits.

Economy

  • Romania is the 11th largest economy in the European Union (8th largest based on Purchasing Power Parity). The economy is considered a developing, upper-middle income market economy.
  • Romania is currently a relatively poor country compared to its neighbors, driven primarily by the failed economic policies created by the Communist regime that led the nation in the second half of the 20th century.
  • Major reforms have taken place since the fall of Communism and Romania’s entrance into the European Union (in 2007), leading to optimism on the future of the nation.
  • Romania has an abundance of natural resources, including oil and coal, as well as iron, copper, and numerous other precious metals. At one point Romania was the largest producer of oil in the EU, however, much of the country’s reserves was squandered in the Communist era.
  • The services sector employs more than half of the workforce in Romania. Agriculture provides ~30% of the country’s jobs, and industry and construction represent ~25% of the workforce.

History

  • The first Leu was introduced in Romania in 1867.
  • By early 1878 the Russian Ruble was treasured so highly that the Romanian Leu was nearly driven out of circulation. In response, the country decided to adopt a gold standard in 1889.
  • When the gold standard was abandoned in 1914, the valuation of the Leu fell dramatically. To counter the devaluation, the exchange rate was pegged to the US Dollar at varying values between 1929 and 1941.
  • In World War II, Romania allied with Germany, and pegged the Leu to the Reichsmark. When the country was Soviet occupied, the Leu was valued at 1 Leu = 100 Rubles.
  • On August 15, 1947, the second Leu was introduced. The transition happened with no advance warning and limits on the amount an individual was able to exchange, in order to equalize classes and prepare for communism.
  • The third Romanian Leu (ROL) was introduced on January 28, 1952 with varied rates depending on the type of exchange (debt, deposits, cash).
  • Over the next few decades, the Communist government moved away from the gold standard and put severe restrictions on the sales and use of foreign currency, leading to the country’s economic downfall.
  • After the fall of Communism, the country went through significant economic reform, legalizing the ownership of foreign currency and several other key policies.
  • On July 1, 2005, the fourth Romanian Leu (RON) was introduced.

More information about RON - Romanian Leu (L)