Indonesian Rupiah in Argentine Peso

IDR Indonesian Rupiah

Country of application:
Indonesia

Coin denominations in circulation:
100, 200, 500, 1000 rupees.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000 rupees.

History reference:
The Indonesian rupiah (Indon. rupiah) is the official currency of Indonesia. The symbol used on all banknotes and coins is Rp. The unit of exchange is sen (Indon. sen), one hundredth of a rupee. Sen ...has not been issued since the 1960s and has de facto gone out of cash circulation, but remains in non-cash financial transactions. Throughout its history, the Indonesian rupiah has been subject to only one denomination. Until 1944, the Dutch guilder was used in Indonesia. During the period of occupation by Japan (1944-1945), the rupiah was introduced into the country. In 1945, Indonesia proclaimed independence and the Indonesian rupiah was introduced into money circulation, which was used in financial circulation along with the occupation and Dutch guilder banknotes. In 1965, inflation occurred in the country, which led to the need for a denomination of the national currency. On December 13, 1965, a new rupee was issued, at a rate of 1,000 old to one new rupee.

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.