Description: P-62. The afghani is the currency of Afghanistan, which traditionally is issued by the nation's central bank called Da Afghanistan Bank. It is nominally subdivided into 100 puls (???), although there are no pul coins currently in circulation. In September 2021, one U.S. dollar was exchanged for approximately 88 afghanis. The afghani is also informally referred to as r?pa. The original afghani (ISO 4217 code: AFA) was introduced in 1925, replacing the Afghan rupee that was used from 1891 and other currencies. In addition to being subdivided into 100 puls, 20 afghanis were equal to one amani. The rate of conversion from the rupee is sometimes quoted as 1 afghani = 1 rupee 6 paisas, based on the silver contents of the last rupee coins and the first afghani coins. The afghani initially contained 9 grams of silver. Except during World War I, Afghanistan's foreign exchange rate has been freely determined by market forces. However, for some periods, a dual exchange rate regime existed in Afghanistan: an official exchange rate which was fixed by the Afghan Central Bank, and a free market exchange rate which was determined by the supply and demand forces in Kabul's money bazaar called Saraye Shahzada. For example, in order to avoid the seasonal fluctuations in the exchange rate, a fixed exchange rate was adopted in 1935 by the Bank-e-Millie (National Bank), which was then responsible for the country's exchange rate system and official reserves. Bank-e-Millie agreed to exchange afghani at 4 Afs against 1 Indian rupee in 1935. After the establishment of Da Afghanistan Bank as the Central Bank of Afghanistan, such a preferential official fixed exchange rate continued to be practiced. Although Da Afghanistan Bank tried to keep its official rate close to the Sarai Item ordered may not be exact piece shown. All original and authentic.
Price: 7 USD
Location: Portsmouth, New Hampshire
End Time: 2024-10-06T18:39:27.000Z
Shipping Cost: 6.25 USD
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