Afghan Afghani

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Afghan Afghani

The currency of Afghanistan. Introduced in 1925, it was formerly pegged to the Indian rupee and the U.S. dollar. It briefly floated between 1978 and 1982, and it became a floating currency permanently in 1992. During the political instability of the 1990s, the afghani experienced rampant inflation, primarily because each warlord issued his own afghani. After the U.S.-led invasion in 2001, the Afghan government began issuing a new afghani, which has brought a certain amount of stability to the currency. See also: AFN, AFA.