AFN to VUV

AFN - Afghan Afghani (؋)
VUV - Vanuatu Vatu (VT)
1 AFN1 VUV

Currency conversion rates from AFN to VUV

AFNVUV
1 AFN1 VUV
5 AFN5 VUV
10 AFN10 VUV
20 AFN20 VUV
50 AFN50 VUV
100 AFN100 VUV
250 AFN250 VUV
500 AFN500 VUV
1000 AFN1000 VUV
2000 AFN2000 VUV
5000 AFN5000 VUV
10000 AFN10000 VUV
VUVAFN
1 VUV1 AFN
5 VUV5 AFN
10 VUV10 AFN
20 VUV20 AFN
50 VUV50 AFN
100 VUV100 AFN
250 VUV250 AFN
500 VUV500 AFN
1000 VUV1000 AFN
2000 VUV2000 AFN
5000 VUV5000 AFN
10000 VUV10000 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 (؋)


VUV - Vanuatu Vatu (VUV)

Vanuatu Vatu

The Vatu is the official currency of Vanuatu. It was introduced in 1982 after independence, to replace the New Herbides Franc at par. The Vatu’s introduction also saw the end of the official circulation of the Australian Dollar in Vanuatu.

The Vanuatu Vatu is the currency in Vanuatu (VU, VUT). The symbol for VUV can be written VT. The Vanuatu Vatu is divided into 100 centimes. The exchange rate for the Vanuatu Vatu was last updated on May 24, 2019 from Yahoo Finance. The VUV conversion factor has 5 significant digits.

Economy

  • Vanuatu’s economy is primarily agricultural; 80% of the population is involved in agricultural work.
  • Other aspects of the economy include fishing, offshore financial services, and tourism (the last of which had 50,000 visitors in 2004).
  • Tax revenues comes mainly from import duties. Economic development is hindered by dependence on relatively few commodity exports, as well as the island's vulnerability to natural disasters and its distance from major markets.
  • The government of Vanuatu has promised to tighten regulation of its offshore financial center, in response to foreign concerns.
  • The island's main targets for growth are tourism and agriculture (particularly livestock farming). Vanuatu receives tourists and foreign aid mostly from Australia and New Zealand.

History

  • In 1982 banknotes were introduced by the Central bank of Vanuatu in denominations of 100, 500, and 1,000 Vatu. 5000-vatu notes followed in 1989.
  • In 1993, the Reserve Bank of Vanuatu took over issuing paper money and introduced notes for 500 and 1,000 Vatu.
  • 200-vatu notes were introduced in 1995 and 10,000-vatu notes on July 28, 2010.
  • Local residents sometimes refer to a notional Dollar, equal to 100 Vatu, without specifying which country's currency they have in mind. This stems from the period of 1966–1973, when the New Hebrides Franc was pegged to the Australian Dollar at a rate of 100 Francs = 1 Dollar. Although no relationship currently exists, it simplifies thinking in the larger numbers that a low-value unit causes.

More information about VUV - Vanuatu Vatu (VUV)