Currency and Banking 2022 – Economy of Afghanistan

Economy of Afghanistan

The unit of currency in Afghanistan is the afghani, which is divided into 100 puls. Since 1981 the official rate of exchange has been fixed at 50 afghanis equal to U.S.$1. However, the actual market rate of the afghani has fluctuated, and in 1994 2400 afghanis equaled U.S.$1. Dramatic inflation (with rates of up to 57 percent), which … Read more