AFN to IDR

AFN - Afghan Afghani (؋)
IDR - Indonesian Rupiah (Rp)
1 AFN1 IDR

Currency conversion rates from AFN to IDR

AFNIDR
1 AFN1 IDR
5 AFN5 IDR
10 AFN10 IDR
20 AFN20 IDR
50 AFN50 IDR
100 AFN100 IDR
250 AFN250 IDR
500 AFN500 IDR
1000 AFN1000 IDR
2000 AFN2000 IDR
5000 AFN5000 IDR
10000 AFN10000 IDR
IDRAFN
1 IDR1 AFN
5 IDR5 AFN
10 IDR10 AFN
20 IDR20 AFN
50 IDR50 AFN
100 IDR100 AFN
250 IDR250 AFN
500 IDR500 AFN
1000 IDR1000 AFN
2000 IDR2000 AFN
5000 IDR5000 AFN
10000 IDR10000 AFN

AFN - Afghan Afghani (؋)

Afghan Afghani

The Afghan Afghani (AFN) was introduced in 2003 as the new currency for Afghanistan. Two distinct rates were established: the government issue of 1000 and the northern alliance of 2000. Prior to 2003 the currency was the Afghanistan Afghani (AFA). There is no stock market. Money lending as well as foreign exchange is done through money bazaars.

The Afghan Afghani is the currency in Afghanistan (AF, AFG). The symbol for AFN can be written Af. The Afghan Afghani is divided into 100 puls. The exchange rate for the Afghan Afghani was last updated on May 24, 2019 from Yahoo Finance. The AFN conversion factor has 3 significant digits.

Economy

  • Afghanistan relies on foreign aid, trade, and farming from bordering countries.
  • The country and international concerns are focusing on improving infrastructure by creating jobs, promoting development of housing, and investing in education.
  • International groups contributed over $2 billion to help Afghanistan’s dying economy.
  • Afghanistan's agricultural products include wheat, wool, nuts, mutton, opium, lamb skin, and sheep skin.
  • Afghanistan exports mainly nuts, fruit, carpets, and cotton.
  • Imports include textiles, petroleum products, and capital goods.

History

  • The first Afghani (AFA) was introduced in 1925. Before this time period the Afghan Rupee was the official currency.
  • From the year 1925 to the year 1928 Afghani treasury notes were introduced.
  • In 1975, all Afghanistan banks were nationalized.
  • In 1981, the Afghani was pegged to the United States Dollar at 1 USD = 50 Afghanis.
  • Afghanistan was taken over by Taliban rulers in 1996. The Taliban central bank declared the Afghanistan Afghani worthless and the bank cancelled the contract they had with Russia for printing their money. The country's currency was devalued against the US dollar to a rate of 1 USD = 43 Afghani.
  • In 2002, the new Afghan Afghani currency (AFN) was introduced. In October, 2003 Afghanistan started using AFN as the official currency in local trade.
  • In 2005, Afghani coins replaced the 1, 2, and 5 Afghani banknotes.
  • Since 2005 the Afghanistan economy has grown at a steady pace.

More information about AFN - Afghan Afghani (؋)


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)