Afghan Afghani (AFN)

Basic Concept of Afghani

Afghani is the official currency of Afghanistan, with the currency code AFN and the symbol "؋" or "Af". It is issued and managed by the Central Bank of Afghanistan (CBA) and is mainly used for daily domestic transactions and economic activities.

Countries and Regions of Use

The Afghani circulates and is used primarily in Afghanistan and is legal tender in the country. Due to its political and economic factors, it is less used in international trade, but neighboring countries such as Pakistan or Iran may have a small exchange demand.

Currency unit and denomination

The secondary unit of currency for the Afghani is the Pool, with 1 Afghani equaling 100 Pools. Common denominations of banknotes include 1, 2, 5, 10, 20, 50, 100, 500, 1000 Afghani, while coins are available in 1, 2, 5 Afghani and lower values of Pool coins.

Historical Background and Development

The Afghani was first introduced in 1925, replacing the previous rupee currency. It has been devalued and redesigned many times in history due to wars and regime changes. in 2002, the new Afghani replaced the old currency at a ratio of 1:1000 to stabilize the inflationary economy, and its value has fluctuated considerably in recent years as a result of the situation.