AFA (Afghanistan Afghani)
The currency symbol that the Afgahanistan Afghani is represented by is:
The afghani was first introduced in 1925 to replace the Afghan rupee at a rate of 1 afghani to 1.1 rupees. This conversion was based on the silver contents of the last rupee coins compared to the replacement afghani coins. In 1936, AFA was pegged to the Indian rupee at a rate of 4 afghani to 1 Indian rupee. During most of its life, the afghani has been pegged to the U.S dollar (USD), at rates starting in 1940 of 13 afghani to 1 U.S. dollar, and devaluing to a rate of 50.6 afghani to 1 U.S. dollar in 1982.
The current afghani was introduced between October of 2002 and January of 2003, replacing the existing afghani at a rate of 1,000 to 1. The new afghani was valued at 43 afghani to 1 U.S. dollar. After depreciating for many years, in 2004 the afghani appreciated in value against the U.S. dollar. This can be attributed to the relative stability of the new currency and promotion of its use within the country.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Afghanistan — The CURRENCY of the country is the Afghanistan Afghani. The corresponding SWIFT code is AFA … International financial encyclopaedia
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AFA — Swift currency code for the Afghanistan Afghani … International financial encyclopaedia
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Afghani — AfÂ·ghan || Ã¦fgÃ¦n n. native or resident of Afghanistan adj. of or pertaining to Afghanistan … English contemporary dictionary
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Economie de l'Afghanistan — Économie de l Afghanistan Afghanistan Indicateurs économiques Le bâtiment, principal bénéficiaire de la reconstruction économique. Monnaie afghani (AFA) 1 AFA =100 puls Année fiscale 21 … Wikipédia en Français