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Encyclopedia > Afghani (currency)

The Afghani is the system of currency used in Afghanistan. Prior to 2003, the afghani was valued at 43,000 AFA per USD. Prior to the U.S. invasion of Afghanistan, warlords, political parties, foreign powers and forgers each made their own afghanis, with no regard to standardization or honoring serial numbers. For example, after the Northern Alliance lost power in 1996, it had banknotes produced in Russia which were sold on the markets of Kabul at half their value. Current banknotes are issued in denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 1,000 afghanis. 2003(MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... The United States dollar is the official currency of the United States. ... The United States invasion of Afghanistan (codenamed Operation Enduring Freedom) occurred in October 2001, in the wake of the September 11, 2001 attacks on the U.S., marking the beginning of its War on Terrorism campaign. ... Northern Alliance may refer to: NATO The Afghan Northern Alliance The white supremacist group of Canada The Northern Alliance Radio Network of conservative bloggers This is a disambiguation page — a navigational aid which lists pages that might otherwise share the same title. ... 1996 is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... Kabul Kabul (34°32′ N 69°10′ E, Kâbl, in Persian کابل) is the capital and largest city of Afghanistan with a population variously estimated at 2 to 4 million. ...


However, on January 2, 2003, a three-month transition period ended swapping old afghani banknotes for new currency. The new afghani received a new ISO 4217 code of AFN (replacing the earlier AFA) and had three zeros knocked off, with the new afghani valued at 43 AFN per USD. January 2 is the 2nd day of the year in the Gregorian Calendar. ... 2003(MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO). ...


On October 1, Afghan Central Bank governor Anwar Ul-Haq Ahadi announced that Afghans should use their own afghani currency in daily transactions rather than U.S. dollars or Pakistani rupees. This was in preparation for October 8 when all prices in the Afghan marketplace were to be specified in afghanis. October 1 is the 274th day of the year (275th in Leap years). ... Da Afghanistan Bank (د افغانستان بانک in Pashto) is the Afghanistan. ... Anwar ul-Haq Ahadi, a U.S. citizen, is governor of the Afghan Central Bank. ... ... The dollar (represented by the dollar sign: $) is the name of the official currency in several countries, dependencies and other regions. ... The Rupee (₨ or Rs. ... October 8 is the 281st day of the year (282nd in leap years). ...


In April, 2000, the old afghani traded at 6,400 AFA per USD. April is the fourth month of the year in the Gregorian Calendar and one of four with the length of 30 days. ... This article is about the year 2000. ...



Currencies of Asia and the Pacific
Central Afghan afghani | Kazakstani tenge | Kyrgyzstani som | Mongolian tugrug | Russian ruble | Tajikistani somoni | Turkmenistani manat | Uzbekistani som
East Chinese renminbi | Hong Kong dollar | Japanese yen | Macanese pataca | North Korean won | South Korean won | New Taiwan dollar
South-East Brunei dollar | Cambodian riel | Indonesian rupiah | Laos kip | Malaysian ringgit | Myanmar kyat | Philippine peso | Singapore dollar | Thai baht | US Dollar (East Timor) | Vietnamese dong
South Bangladeshi taka | Bhutanese ngultrum | Indian rupee | Maldives rufiyaa | Nepalese rupee | Pakistani rupee | Sri Lankan rupee
West Armenian dram | Azeri manat | Bahraini dinar | Egyptian pound | Georgian lari | Iranian rial | Iraqi dinar | New Israeli sheqel | Jordanian dinar | Kuwaiti dinar | Lebanese pound | Omani rial | Qatari riyal | Saudi riyal | Syrian pound | New Turkish lira | UAE dirham | Yemeni rial
Pacific Australian dollar (Kiribati, Nauru, Norfolk Island, Tuvalu) | CFP franc (French Polynesia, New Caledonia, Wallis and Futuna) | Fijian dollar | New Zealand dollar | Papua New Guinean kina | Samoan tala | Solomon Islands dollar | Tongan pa'anga | US dollar (American Samoa, Guam, Hawaii, Marshall Islands, Federated States of Micronesia, Northern Mariana Islands, Palau) | Vanuatu vatu
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  Results from FactBites:
 
Afghan afghani: Information from Answers.com (571 words)
The afghani is the official currency used in Afghanistan.
In 1936, the afghani was pegged at 3.65 afghanis = 1 Indian rupee, whilst in 1947 the peg was set to 13.44 afghanis = 1 Indian rupee.
In December 1996, shortly after the Taliban took control of Afghani institutions, Ehsanullah Ehsan, the chairman of the Taliban's Central Bank, declared most Afghani notes in circulation to be worthless (approximately 100 trillion Afghanis) and cancelled the contract with the Russian firm that had been printing the currency since 1992.
fx4business (4075 words)
The currency was established in 1972 at par with the PAKISTAN RUPEE.
The currency was established in 1955 at par with the INDOCHINESE PIASTRE.
While free floating currencies which fall consistently over time may be said to have "devalued", the term is more applicable to the actions of governments or central Banks who, willingly or not, act to increase their countrys' competitiveness by reducing the value of their currencies.
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