Set of 10 Notes - Afghanistan - P-49, 50, 55, 56, 57b, 60c, 61c, 62, 63a, and 64 - Group of 10 Foreign Paper Money Notes

Collection of 10 notes includes P-49, 50, 55, 56, 57b, 60c, 61c, 62, 63a, and 64. Denominations run from 1 to as high as 10,000 Afghanis. All CU. A Great Collection of 10 Different Notes! Some are Scarce! The original afghani (ISO 4217 code: AFA) was introduced in 1923 during the era of King Amanullah Khan, replacing the Afghan rupee that was used since 1891. 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. Alongside the new currency, the various units of weight used in Afghanistan were replaced by a single metric system.

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 major banks in the country, 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 Afs. 4 against 1 Indian rupee in 1935. After the establishment of Da Afghanistan Bank (DAB) as the central bank of Afghanistan, such a preferential official fixed exchange rate continued to be practiced. Although DAB tried to keep its official rate close to the Sarai Shahzada exchange rate, the gap between the official and free-market exchange rates widened in the 1980s and during the civil war thereafter. Read more at https://en.wikipedia.org/wiki/Afghan_afghani

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