AFN to TND

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 (؋)

TND - Tunisian Dinar (TND)

Tunisian Dinar

The Dinar is the official currency of several countries including Libya, Algeria, Iraq, Jordan, and Tunisia. Located in northern Africa, Tunisia is bordered by the Mediterranean Sea to the north, Algeria to the west, and Libya to the east. The common currency symbol for the Tunisian Dinar is TD.

The Tunisian Dinar is the currency in Tunisia (TN, TUN). The symbol for TND can be written TD. The Tunisian Dinar is divided into 1000 millimes. The exchange rate for the Tunisian Dinar was last updated on January 18, 2019 from The International Monetary Fund. The TND conversion factor has 6 significant digits.

Economy

• Tunisia has a varied economy, including industry, agriculture, mining, petroleum products, and tourism.
• The industrial sector consists of clothing manufacturing and the production of electric machinery and automotive parts.
• Tunisia has one the most competitive economies in Africa and ranks 36th globally.
• The agricultural sector flourishes, producing goods such as olives, grain, dairy products, citrus fruit, beef, and almonds.
• Tunisia maintains a close economic relationship with a number of European nations, which accounts for a substantial amount of the country’s exports.
• While not the main source of revenue for Tunisia, tourism is still a major source of revenue and foreign exchange.

History

• The Dinar and/or any variants is currently used by at least ten countries.
• The Dinar was introduced in Tunisia in 1960, replacing the Franc as the principal form of currency in the country. It was set as a rate of 1,000 Francs = 1 Dinar.
• After its introduction in 1960, the subunit of the Tunisian Dinar, known as the millim, was cast in aluminum 1,2, and 5 millim coins and in brass 10, 20, 50, and 100 millim coins.
• Later ½ dinar, 1 dinar and 5 dinar coins were cast and put into circulation.
• After 1960, Dinar banknotes were distributed only in denominations of ½ dinar, 1 dinar, and 5 dinar.
• The ½ dinar and 1 dinar notes were soon taken out of circulation and replaced by coins of the same value. Banknotes of 10, 20, 30, and 50 dinar denomination were also printed.

More information about TND - Tunisian Dinar (TND)