SRD to ARS

ARS - Argentine Peso ($)

Argentine Peso

The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.

The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.

Economy

• Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
• From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
• From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
• From 1983 to 1991, the Peso was replaced by the previous currencies.
• In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
• After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.

History

• Argentina’s economy is rated as a higher middle economy.
• The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
• During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
• The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
• Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
• Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.

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SRD - Surinamese Dollar ($)

Surinamese Dollar

The Suriname Dollar was introduced in 2004, and as such is a fairly new form of currency. Suriname is located on the north coast of South America, between Guyana and French Guiana. Although it is fairly large (approximately 64,000 square miles), Suriname is a minor state in South America. The population of 470,000 live mostly in the northern part of the country, around the capital of Paramaribo.

The Suriname Dollar is the currency in Suriname (SR, SUR). The symbol for SRD can be written $Sur. The Suriname Dollar is divided into 100 cents. The exchange rate for the Suriname Dollar was last updated on May 24, 2019 from Yahoo Finance. The SRD conversion factor has 3 significant digits.

Economy

• Suriname’s resources are attracting foreign businesses and investment for several reasons, from cheap electricity costs to major reserves of specific minerals.
• The agricultural sector has shown through the centuries that it can diversify and is currently in a somewhat stable position. It accounts for almost 10% of the GDP and employs approximately 8% of the total workforce of about 166,000.
• Currently this sector produces plantains, rice kernels, peanuts, coconuts, beef, and shrimps.
• The country has several large export partners, including Canada, the Netherlands, Belgium, the United Arab Emirates, and the United States.

History

• The Dollar replaced the Suriname Guilder on January 1, 2004 at a rate of 1 Dollar = 1000 Guilders.
• The old 1-cent coins (100 to a Guilder) were declared to be worth their face value in the new cents, so that new coins did not need to be made.
• The US Dollar is used to quote prices for electronic goods, household furnishings, appliances, and automobiles.

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