AFN to SLL

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 (؋)

SLL - Sierra Leonean Leone (SLL)

Sierra Leonean Leone

The Leone is the official currency for Sierra Leone, formally known as the Republic of Sierra Leone. The currency is illustrated by the symbol Le and is partitioned into 100 cents. Small bank notes such as Le10,000, Le 5,000, Le 2,000 and Le 1,000 are used by residents. Coins are rarely used, but because they have so little value.

The Sierra Leonean Leone is the currency in Sierra Leone (SL, SLE). The symbol for SLL can be written Le. The Sierra Leonean Leone is divided into 100 cents. The exchange rate for the Sierra Leonean Leone was last updated on May 24, 2019 from Yahoo Finance. The SLL conversion factor has 5 significant digits.

Economy

• The economic growth of the country has been relatively slow because of poor government and the impact of the civil war, as well as the decline in mining.
• Mining in diamond and other minerals has become one of the most dependable economy builders in Sierra Leone.
• The country is one of the biggest contributors of rutile, a titanium mineral,
• Agriculture has also become a major contributor the economy, accounting for approximately 52% of the country’s income.

History

• The Leone became the official currency of Sierra Leone in 1964, after the government decided to replace the British West African Pound at a 2:1 rate.
• Coins of ½, 1, 5, 10 and 20 cents were issued, which carried the face of Milton Margai.
• In 1996, when the period of inflation ended, new coins where issued for 10, 50 and 100 leones. In 2004, 500 leone coins were introduced.
• In 2010, the official bank of the country, The Bank of Sierra Leone, introduced much more durable Le10,000, Le5,000, Le2,000 and Le1,000 banknotes.

More information about SLL - Sierra Leonean Leone (SLL)