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1 Afghani

Issuer Da Afghanistan Bank
Year 2002-2004
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Currency Second afghani (2003-date)
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Obverse description The obverse is printed in shades of rose and purple on a guilloche underprint, with the circular seal of Da Afghanistan Bank at right incorporating a vignette of the Eucratides I-era coin bearing the Greek legend ΒΑΣΙΛΕΩΣ ΜΕΓΑΛΟΥ ΕΥΚΡΑΤΙΔΟΥ and the date 1939. A central hexagonal geometric panel is flanked by interlocking triangular ornamental borders, with two signature lines and the Afghan solar-calendar date below; the denomination numeral '1' appears at lower left and lower right, with Pashto text in the central field.
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Protection type Watermark
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Comments

This note belongs to the transitional series issued after the fall of the Taliban and the establishment of the Afghan Interim Authority. The 2002 redenomination replaced the old afghani at a rate of 1,000 to 1, deliberately severing the monetary link to the hyperinflationary chaos of the 1990s civil war period — a currency reform backed by the IMF and implemented with unusual speed given the political conditions on the ground.

Giesecke & Devrient, the Munich-based security printer with a long history in post-conflict currency production, handled the job from their Leipzig facility. The 1 afghani denomination was largely symbolic in daily commerce; by 2004, it had negligible purchasing power in real transactions.

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