This article refers to the currency. For other uses, see Afghani.

The afghani is the official currency used in Afghanistan. It is divided into 100 pul. This currency is not pegged to another currency. Da Afghanistan Bank (د افغانستان بانک in Pashto) is the central bank of Afghanistan. ... Afghani can refer to: Afghani (currency) is the currency used in Afghanistan. ...

History

First afghani, 1925 - 2003

The first afghani was introduced in 1925. It had the ISO 4217 code AFA. The afghani replaced the rupee at a rate of 1 afghani = 1.1 rupees. [1] ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... The rupee was the currency of Afghanistan until 1925. ...

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. ISO 4217 Code INR User(s) India Inflation 5. ...

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. 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. Ehsan accused the firm of sending new shipments of Afghani notes to ousted president Burhanuddin Rabbani in northern Takhar province. The exchange rate at the time of Ehsan's announcement was 21,000 Afghanis to the U.S. dollar The Northern Alliance then had banknotes produced in Russia which were sold on the markets of Kabul at half their value. Combatants al-Qaeda, Taliban Northern Alliance, United States, United Kingdom, Canada, Australia, France, New Zealand, Italy, Germany Commanders Mohammed Omar Osama bin Laden Tommy Franks Mohammed Fahim Strength Casualties {{{notes}}} The United States invasion of Afghanistan occurred in October 2001, in the wake of the September 11, 2001 attacks on... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... Flag flown by the Taliban. ... Mullah Ehsanullah Ehsan is a former member of the Taliban leadership. ... Flag flown by the Taliban. ... The afghani is the official currency used in Afghanistan. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... This article or section does not cite its references or sources. ... Takhar (Persian: تخار) is one of the thirty-four provinces of Afghanistan. ... The Northern Alliance is a term used by the western media, Taliban and Al Qaida to identify the military coalition of various Afghan groups fighting the Taliban. ... For other places with the same name, see Kabul (disambiguation). ...

In April, 2000, the afghani traded at 6,400 AFA per USD. By 2002, the afghani was valued at 43,000 AFA per USD. This article is about the year 2000. ... For album titles with the same name, see 2002 (album). ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory[1], the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ...

Second afghani, 2003 - present

On January 2, 2003, a three-month transition period ended, swapping old afghani banknotes for a new currency. The new afghani received a new ISO 4217 code of AFN and was worth 1000 old afghanis. Thus, the new afghani was valued at 43 AFN per USD. January 2 is the second day of the year in the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

Prior to the reissue there were more than 15 trillion afghanis in circulation after unrestrained printing under Taliban rule and during wars and occupation.

After depreciating during the last quarter of 2003/04, the afghani has been appreciating steadily, gaining 8 percent against the U.S. dollar between end-March 2004 and end-July 2004. This appreciation, at a time of increasing inflation, appears to reflect a greater willingness by the population to use the afghani as a medium of exchange and as a store of value. This trend appears to be attributable to the relative stability of the exchange rate since the introduction of the new currency, administrative measures aimed at promoting its use, such as the requirement that shopkeepers must price goods in afghanis. Donors are increasingly making payments in afghani instead of U.S. dollars and this appears to be widely accepted.

Circulating Currency

New denominations come in 1, 2 and 5 afghani coins ^[1] and banknotes, and the other issue of 10, 20, 50, 100, 200, 500, 1000, and 10000 afghani all paper issue.

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 United States dollars or Pakistani rupees.^{[citation needed]} 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) in the Gregorian calendar. ... 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. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory[1], the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... The Pakistani rupee (PKR) is the currency of Pakistan. ... October 8 is the 281st day of the year in the Gregorian Calendar (282nd in leap years). ...

References

1. ^ Blogspot (2006-11-15). Update - Afghanistan.. Retrieved on 2006-11-20.

For the Manfred Mann album, see 2006 (album). ... November 15 is the 319th day of the year (320th in leap years) in the Gregorian Calendar, with 46 days remaining. ... For the Manfred Mann album, see 2006 (album). ... November 20 is the 324th day of the year (325th in leap years) in the Gregorian Calendar. ...

External links

• Banknotes
• Coins but no new issue