AFN to SBD

AFN - Afghan Afghani (؋)
SBD - Solomon Islands Dollar ($)
1 AFN1 SBD

Currency conversion rates from AFN to SBD

AFNSBD
1 AFN1 SBD
5 AFN5 SBD
10 AFN10 SBD
20 AFN20 SBD
50 AFN50 SBD
100 AFN100 SBD
250 AFN250 SBD
500 AFN500 SBD
1000 AFN1000 SBD
2000 AFN2000 SBD
5000 AFN5000 SBD
10000 AFN10000 SBD
SBDAFN
1 SBD1 AFN
5 SBD5 AFN
10 SBD10 AFN
20 SBD20 AFN
50 SBD50 AFN
100 SBD100 AFN
250 SBD250 AFN
500 SBD500 AFN
1000 SBD1000 AFN
2000 SBD2000 AFN
5000 SBD5000 AFN
10000 SBD10000 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 (؋)


SBD - Solomon Islands Dollar (SI$)

Solomon Islands Dollar

The Dollar is has been the official currency of the Solomon Islands since 1977. In order to differentiate the currency against the Dollars of many other nations, the Solomon Islands Dollar is often labeled SI$. Like many of those other Dollar-denominated currencies, the Solomon Islands Dollar is sub-divided into 100 cents.

The Solomon Islands Dollar is the currency in Solomon Islands (SB, SLB). The symbol for SBD can be written SI$. The Solomon Islands Dollar is divided into 100 cents. The exchange rate for the Solomon Islands Dollar was last updated on May 24, 2019 from Yahoo Finance. The SBD conversion factor has 5 significant digits.

Economy

  • Solomon Islands is considered a lesser-developed nation, due to its low GDP of ~US$600 per capita. As much as 75% of the labor force is employed in subsistence farming and fisheries.
  • Solomon Islands is reliant on imports for most manufactured goods and petroleum products. Its exports include copra, palm oil, and timber.
  • The country has a large amount of mineral resources such as gold, lead, nickel and zinc, but mining has remained relatively undeveloped due to instability within the country.
  • Tourism is an important industry for the Solomon Islands, though the lack of infrastructure and transportation has prevented large-scale growth.
  • The government of the Solomon Islands was declared insolvent by 2002, however in recent years the country has consolidated and renegotiated its domestic debt, and is now seeking forgiveness from its international creditors.
  • Primary aid providers include its neighbours, Australia and New Zealand, as well as the European Union, Japan, and China.

History

  • Prior to 1977, the nation relied on currencies from other countries, in particular the British Pound and the Australian Dollar.
  • When the Solomon Islands gained its independence in 1977, the Australian Dollar was replaced by the Solomon Islands Dollar at par. At the time, the country introduced the first coins and banknotes to be used in trade.
  • For the next 4 years, the Solomon Islands Dollar remained equivalent in value to the Australian dollar. However, in 1979 the Dollar was revalued to equal A$1.05. After five months at this new value, the peg was removed and the Solomon Islands Dollar was allowed to float in value.
  • For the next few decades, the country’s economy stagnated, leading to a considerable devaluation of the Dollar. As such, other specialty goods, including rare items such as dolphin’s teeth, have been used as a currency by some of the local people.

More information about SBD - Solomon Islands Dollar (SI$)