South African Rand in Indonesian Rupiah

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.

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.