AED to IDR

AED - United Arab Emirates Dirham (د.إ.‏)
IDR - Indonesian Rupiah (Rp)
1 AED1 IDR

Currency conversion rates from AED to IDR

AEDIDR
1 AED1 IDR
5 AED5 IDR
10 AED10 IDR
20 AED20 IDR
50 AED50 IDR
100 AED100 IDR
250 AED250 IDR
500 AED500 IDR
1000 AED1000 IDR
2000 AED2000 IDR
5000 AED5000 IDR
10000 AED10000 IDR
IDRAED
1 IDR1 AED
5 IDR5 AED
10 IDR10 AED
20 IDR20 AED
50 IDR50 AED
100 IDR100 AED
250 IDR250 AED
500 IDR500 AED
1000 IDR1000 AED
2000 IDR2000 AED
5000 IDR5000 AED
10000 IDR10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


IDR - Indonesian Rupiah (Rp)

The rupiah is the official currency of Indonesia. The currency code for the rupiah is IDR and its symbol is Rp. Its currency conversion factor has 6 significant digits, and it is a fiat currency. Most printed bank notes depict ancient leaders of Indonesia, including two sultans. Notes are generally printed in monochromatic blues and reds.

The Rupiah is the official currency of Indonesia, which is an archipelago of over 17,500 islands in Southeast Asia and Oceania. The country shares land borders on three of these islands with Papua New Guinea, East Timor, and Malaysia. Neighboring countries include Singapore, Philippines, Australia, and the Indian territory of Andaman and Nicobar islands. Indonesia is a founding member of ASEAN and a member of the G-20.

The Indonesian Rupiah is the currency in Indonesia (ID, IDN). The symbol for IDR can be written Rp. The Indonesian Rupiah is divided into 100 sen. The exchange rate for the Indonesian Rupiah was last updated on January 18, 2019 from The International Monetary Fund. The IDR conversion factor has 6 significant digits.

Economy

  • Indonesia has a mixed economy in which both the private and government play an important role. The country is the largest economy in Southeast Asia.
  • The nominal gross domestic product in Indonesia in 2010 was U.S. $ 706.73 billion, with an estimated nominal GDP per capita of $ 3,015.
  • In June 2011, at the World Economic Forum on East Asia, the President of Indonesia predicted Indonesia will be one of the world’s top ten strongest economies in the next decade.
  • The industrial sector is the largest economy and accounts for 46.4% of GDP (2010), followed by services (37.1%) and agriculture (16.5%). Since 2010, the service sector has hired more people than other sectors, and now accounts for 48.9% of the total workforce, followed by agriculture (38.3%) and industry (12.8%). Traditionally, agriculture was the largest employer for centuries.

History

  • As a Dutch colony, Indonesia used the Netherlands Indies Guilden until the Japanese invasion in 1942. The Japanese printed their own version of the Guilden in excess quantities, causing hyperinflation during their occupation.
  • The Japanese Guilden continued in use after the war, although its supply dwindled due to the destruction of printing plates.
  • The Allies’ Netherlands Indies Civil Administration' (NICA) introduced their own guilden in 1943, but Indonesian nationalists opposed this issue.
  • Ignoring advice from the Allied forces, Dutch nationalists on the island of Java introduced the Indonesian Rupiah on October 3, 1946. Japanese and low-denomination pre-war guilden could be exchanged for the new currency, but not the 1943-issued NICA guilden. The Japanese guilden continued to be the dominant currency, especially in remote territories, and the NICA guilden continued in use in Dutch-controlled areas.
  • In 1950-1951, various reforms were made to reduce the amount of and bewildering array of money in circulation—all of which was converted forcibly at a devalued rate to the De Javasche Bank Rupiah (DJB).
  • In 1953, the De Javasche Bank, still controlled by the Dutch, was nationalized and become Bank Indonesia. The first Bank Indonesia money appeared the same year, replacing the DJB.
  • Inflation ravaged the country over the next decade, requiring large devaluations of the rupiah in 1959 and 1965. Under the Suharto government, inflation was brought under control by the mid-1970s.
  • Inflation reappeared in the early 1990s. The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few short months. This devaluation was a major factor in the overthrow of President Suharto's government after a 30-year lock on power.

More information about IDR - Indonesian Rupiah (Rp)