savoy8060 Posted May 24, 2015 Report Share Posted May 24, 2015 I have been hearing that the Afghani is now a currency of interest. Anyone know if it is as good as the Dinar or Dong? Link to comment Share on other sites More sharing options...
truthis Posted May 24, 2015 Report Share Posted May 24, 2015 No. It doesn't change much in value unless you can buy $100k to make money on it Link to comment Share on other sites More sharing options...
savoy8060 Posted May 24, 2015 Author Report Share Posted May 24, 2015 OK - thanks. Had planned to just stick with Dinar and Dong - almost glad there isn't another that needs to be considered Link to comment Share on other sites More sharing options...
Cynthia AH Posted May 24, 2015 Report Share Posted May 24, 2015 How much is it worth? Link to comment Share on other sites More sharing options...
sandfly Posted May 25, 2015 Report Share Posted May 25, 2015 IT RV'D BACK IN 2006 I THINK Link to comment Share on other sites More sharing options...
Cynthia AH Posted May 25, 2015 Report Share Posted May 25, 2015 OH MY! Link to comment Share on other sites More sharing options...
The Machine Posted May 25, 2015 Report Share Posted May 25, 2015 (edited) It didn't RV in 2006 ........... it RV'd in December 2002 before that you could get 5,000 - 6,000 AFN for $1 ........... back in Jan 2006 it was worth between 42 - 49 AFN to $1 then it peaked at 51.5 in Apr 2009 and bottomed out at 43 in October 2010, this continued right through till August 2011 last week was the worst the currency has performed in a decade 61 AFN / $1 USD right now I think its sitting about 57:1 just think if you spent $5,000 on the AFN back in September 2000 ..... buying you 30,000,000 AFN ..... today that would be worth $526,315.79 today and at its peak (42.99:$1) would have been worth $697,836.70 Not a bad return eh. and who says the dinar cant have value ....... Afghanistan is a lot worse off than Iraq. here is a link to a chart ..... LINK Edited May 25, 2015 by The Machine 2 Link to comment Share on other sites More sharing options...
Wiljor Posted May 25, 2015 Report Share Posted May 25, 2015 Thanks Machine, I did not know that about the AFN, And as you say "who says it cant happen to the IQD" You have just given me a boost in my enthusiasm level today about this whole thing, lot's of negative news lately has the tendency to lower ones outlook on this ride. Thanks bro Link to comment Share on other sites More sharing options...
shydude Posted May 25, 2015 Report Share Posted May 25, 2015 They changed there currency code AFA to AFN with lower denomination notes. The AFA notes are of no value now. Question is did they get 1 AFA to 1 AFN before the new rate went floating up in value? If they did not get 1 to 1 then their RV was at a minumum. 1 Link to comment Share on other sites More sharing options...
gymrat76541 Posted May 25, 2015 Report Share Posted May 25, 2015 Depends on the price of opium in the world! LOL Link to comment Share on other sites More sharing options...
The Machine Posted May 26, 2015 Report Share Posted May 26, 2015 (edited) They changed there currency code AFA to AFN with lower denomination notes. The AFA notes are of no value now. Question is did they get 1 AFA to 1 AFN before the new rate went floating up in value? If they did not get 1 to 1 then their RV was at a minumum. yes all the old notes were declared worthless back in 1996 by their own government. Between October 7, 2002, and January 2, 2003, a new Afghani was introduced with the ISO 4217 code AFN. In April, 2000, the Afghani traded at 6400 AFN per USD. By 2002, the Afghani was valued at 43,000 AFN per USD. By 2009, the Afghani was valued at 45 AFN per USD Notes were replaced at a rate of 1000:1 old for new. I think I got a bit carried away with my earlier post, should have completed the research first before posting. Edited May 26, 2015 by The Machine 2 Link to comment Share on other sites More sharing options...
shydude Posted May 26, 2015 Report Share Posted May 26, 2015 yes all the old notes were declared worthless back in 1996 by their own government. Between October 7, 2002, and January 2, 2003, a new Afghani was introduced with the ISO 4217 code AFN. In April, 2000, the Afghani traded at 6400 AFN per USD. By 2002, the Afghani was valued at 43,000 AFN per USD. By 2009, the Afghani was valued at 45 AFN per USD Notes were replaced at a rate of 1000:1 old for new. I think I got a bit carried away with my earlier post, should have completed the research first before posting. Machine you were right the first post, but I had to question when I found that Afghan had an Old currency code and a New currency code. The Afghani AFN currency shows up starting in May 1995 for exchange. If you had spent 5,000.00 USD on Afghani AFN in Dec 2000 you would have gotten 23,750,000.00 AFN. In 10 short years you could exchange it back to USD on Oct 2010 and receive $525,791.00 USD for a $520,791.00 profit. This shows that an actual RV has occurred in history. It was not an overnight deal by no means, but it shows that our IQD can make some serious returns for us. Kuwait's currency was maybe the only overnight you got rich if you bought it at .10 scenario in history, but now I have more faith than ever that we will see a big return on what we have in IQD. Link to comment Share on other sites More sharing options...
The Machine Posted May 26, 2015 Report Share Posted May 26, 2015 Machine you were right the first post, but I had to question when I found that Afghan had an Old currency code and a New currency code. The Afghani AFN currency shows up starting in May 1995 for exchange. If you had spent 5,000.00 USD on Afghani AFN in Dec 2000 you would have gotten 23,750,000.00 AFN. In 10 short years you could exchange it back to USD on Oct 2010 and receive $525,791.00 USD for a $520,791.00 profit. This shows that an actual RV has occurred in history. It was not an overnight deal by no means, but it shows that our IQD can make some serious returns for us. Kuwait's currency was maybe the only overnight you got rich if you bought it at .10 scenario in history, but now I have more faith than ever that we will see a big return on what we have in IQD. No it wasnt an RV, the new currency was introduced in 2003. the old notes were exchanged for new ones at a rate of 1000 to 1 ..... basically a lop. since 2003 the AFN has only devalued against the dollar. 1 Link to comment Share on other sites More sharing options...
shydude Posted May 26, 2015 Report Share Posted May 26, 2015 No it wasnt an RV, the new currency was introduced in 2003. the old notes were exchanged for new ones at a rate of 1000 to 1 ..... basically a lop. since 2003 the AFN has only devalued against the dollar. My apologies Machine. I was going by your link to the Currency Converter and using the history function under the AFN code. I was not aware that the AFN currency started with big notes and changed to lower denominations under the AFN code. I assumed it was the change from AFA to AFN for the 1000 to 1 exchange. Link to comment Share on other sites More sharing options...
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