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Afghani

The Afghani is the system of currency used in Afghanistan. Prior to 2003, one Afghani was worth about $0.0000232558 in US dollars. Warlords, political parties, foreign powers and forgers have all made 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.

However, on January 2, 2003, a three-month transition period ended swapping old Afghani banknotes for new currency. The new afghani retained the name but had three zeros knocked off, making one Afghani worth $0.0232558 in US dollars (or one US dollar with 43 Afghanis).

Afghani is also the term used to identify citizens of Afghanistan.

Jamal al-Din al-Afghani, an Iranian-borne Muslim nationalist and modernist in early 20th century.



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