AFN to TMT

AFN - Afghan Afghani (؋)
TMT - Turkmenistan manat (T)
1 AFN1 TMT

Currency conversion rates from AFN to TMT

AFNTMT
1 AFN1 TMT
5 AFN5 TMT
10 AFN10 TMT
20 AFN20 TMT
50 AFN50 TMT
100 AFN100 TMT
250 AFN250 TMT
500 AFN500 TMT
1000 AFN1000 TMT
2000 AFN2000 TMT
5000 AFN5000 TMT
10000 AFN10000 TMT
TMTAFN
1 TMT1 AFN
5 TMT5 AFN
10 TMT10 AFN
20 TMT20 AFN
50 TMT50 AFN
100 TMT100 AFN
250 TMT250 AFN
500 TMT500 AFN
1000 TMT1000 AFN
2000 TMT2000 AFN
5000 TMT5000 AFN
10000 TMT10000 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 (؋)


TMT - Turkmenistani Manat (TMT)

Turkmenistani Manat

Turkmenistan New Manat (TMT) is equivalent to the old Turkmenistan Manat (TMM) on a basis of 1 Turkmenistan new Manat (TMT) = 5,000 Turkmenistan manat (TMM). The currency symbol is m. Turkmenistan is one of the six independent Turkic states. It is bordered by Afghanistan and Iran to the south, Uzbekistan and Kazakhstan to the north, and the Caspian sea to the west.

The Turkmenistan Manat is the currency in Turkmenistan (TM, TKM). The Turkmenistan Manat is divided into 100 tenga. The exchange rate for the Turkmenistan Manat was last updated on May 24, 2019 from Yahoo Finance. The TMT conversion factor has 2 significant digits.

Economy

  • Turkmenistan's economy is primarily agronomic. Agriculture accounts for nearly half of the gross domestic product (GDP) and more than two-fifths of total employment. Industry accounts for about one-fifth of the gross domestic product.
  • Turkmenistan has the fourth-largest reserves of natural gas in the world.
  • Turkmenistan is the world’s tenth largest producer of cotton; approximately half of the country’s irrigated farmland is planted with cotton.
  • The Turkmenistan economy places great emphasis on foreign economic relations and foreign trade and it hasan open-door trade policy. The most prominent trade partners of Turkmenistan are the United States, Turkey, Switzerland, Hong Kong, Germany, and the United Kingdom.

History

  • The old Turkmenistan Manat (TMM) was introduced on November 1, 1993, replacing the Russian Ruble at a rate of 1 Manat = 500 Rubles.
  • In 1993, notes were introduced in denominations of 1, 5, 10, 20, 50, 100 and 500 Manat. These were followed by notes for 1,000 Manat in 1995 and 5,000 and 10,000 Manat in 1996.
  • In 2005, a new series of notes was introduced in denominations of 50, 100, 500, 1000, 5000, and 10,000 Manat.
  • The Turkmenistan New Manat was introduced in 2009. Notes are printed in denominations of 1, 5, 10, 20, 50, 100, and 500 New Manat.

More information about TMT - Turkmenistani Manat (TMT)