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The Meaning of IDR in the Field of Business and Finance, Know the Abbreviations of Other World Currencies

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The Meaning of IDR in the Field of Business and Finance, Know the Abbreviations of Other World Currencies Illustration (credit: unsplash)

Kapanlagi.com - IDR is a term that is probably quite familiar to most people. Especially, for those who are close to the world of economics, business, and finance. It is proven that the term IDR often appears in news related to the world of economics and business, especially on an international scale. So, what is the actual meaning of IDR?

In various economic and business news, IDR often appears with the mention of several numbers. It is reasonable, because in general, the meaning of IDR is known as an abbreviation of Indonesian Rupiah. Yes, IDR is a code term or designation for Rupiah (Rp) which is the currency of Indonesia internationally.

In addition to the brief and too general explanation above, there are actually several things that we need to know and understand related to the meaning of IDR. Therefore, let's directly refer to several reviews that have been summarized by kapanlagi.com from various sources below.

 

1. Brief History of the Indonesian Currency Rupiah

Rupiah is known as the official currency of the Republic of Indonesia. As mentioned earlier, IDR is the abbreviation for Rupiah or Indonesian currency in the international arena. However, before knowing the meaning of IDR and its origin, it is also important to know a brief history of the Rupiah currency.

Yes, as an official currency, Rupiah actually has its own history. By knowing this brief history, it can increase our love for the official currency of Indonesia. This is because in the early days of its use, the use of Rupiah as a currency was also a form of symbol of the sovereignty of the country.

The brief history of Rupiah as the currency of Indonesia began in 1946. Precisely in October 1946, Rupiah first appeared and circulated in Indonesia. The emergence of Rupiah then replaced the Dutch East Indies gulden, the Japanese version of the gulden, and other currencies that had been used in Indonesia.

In 1965, new Rupiah banknotes were introduced. Until now, various Rupiah denominations have emerged in the form of paper and coins. Starting from those that are still valid to those that are no longer in use. In the international world, Rupiah is then known as the abbreviation IDR.

 

2. Origin of the Use of the IDR Abbreviation

As previously explained, IDR stands for Indonesian Rupiah. The use of the abbreviation IDR is not arbitrary. Each country has its own currency, so there are many different abbreviation codes to represent each currency in the world.

It turns out that the use of these abbreviations refers to ISO standards. The use of ISO-standard abbreviations for naming a country's currency in the world is intended to avoid transaction errors due to ambiguity. Therefore, each currency is represented both numerically and alphabetically using three digits or three letters. Similarly, the use of IDR for the abbreviation of Indonesian Rupiah.

The two letters in the currency abbreviation refer to ISO 4217, which is the same as the code for the country name that refers to ISO 3166. Therefore, every currency represented by three letters indicates the country name and currency. As for the meaning of IDR, ID represents the country code abbreviation for Indonesia. Meanwhile, R represents the abbreviation for Rupiah.

 

 

 

3. Abbreviations for Other Country Currencies

Each country has its own official currency. Therefore, in the international arena, each country also has a special abbreviation to refer to its currency.

Therefore, besides understanding the meaning of IDR, it doesn't hurt to know the abbreviations for other countries' currencies. This will also be useful for those of you who often engage in international business transactions or buying and selling. Here are the official currency abbreviations for various countries in the world.

1. Afghanistan (afghani) - AFA
2. South Africa (Rand) - ZAR
3. Central Africa (Franc) - XAF
4. Albania (Leke) - ALL
5.Algeria (Dinar) - DZD
6.United States (Dollar) - USD
7.Andorra (Euro) - EUR
8.Angola (Kwanza) - AOA
9.Antigua and Barbuda (Dollar) - XCD
10.Saudi Arabia (Riyal) - SAR
11. Ireland (Euro) - EUR
68.Iceland (Krona) - ISK
69.Israel (Shekel) - ILS
70.Italy (Euro) - EUR
71.Jamaica (Dollar) - JMD
72.Japan (Yen) - JPY
73.Germany (Euro) - EUR
74. Cambodia (Riel) - KHR
75.Cameroon (Franc) - XAF
76.Canada (Dollar) - CAD
77.Kazakhstan (Tenge) - KZT
78.Kenya (Shilling) - KES
79.Kyrgyzstan (Som) - KGS
80.Kiribati (Australian Dollar) - AUD
81. Colombia (Peso) - COP
82.Comoros (Franc) - KMF
83.Republic of the Congo (Franc) - XAF
84.South Korea (Won) - KRW
85, North Korea (Won) - KPW
86.Costa Rica (Colon) - CRC
87.Croatia (Kuna) - HRK
88.Cuba (Peso) - CUP
89. Kuwait (Dinar) - KD
90.Laos (Kip) - LAK
91.Latvia (Lati) - LVL
92.Lebanon (Pound) - LBP
93.Lesotho (Maloti) - LSL
94.Liberia (Dollar) - LRD
95.Libya (Dinar) - LYD
96. Liechtenstein (Franc) - CHF
97.Lithuania (Litai) - LTL
98.Luxembourg (Euro) - EUR
99.Madagascar (Ariary) - MGA
100.Macedonia (Denar) - MKD
101.Maldives (Rufiyaa) - MVR
102.Malawi (Kwacha) - MWK
103. Malaysia (Ringgit) - MYR
104.Mali (Franc) - XOF
105.Malta (Euro) - EUR
106.Morocco (Dirham) - MAD
107.Marshall Islands (US Dollar) - USD
108.Mauritania (Ouguiya) - MRO
109.Mauritius (Rupee) - MUR
110. Mexico (Peso) - MXN
111.Egypt (Pound) - EGP
112.Micronesia (Federated States of) (US Dollar) - USD
113.Moldova (Lei) - MDL
114.Monaco (Euro) - EUR
115.Mongolia (Tugrik) - MNT
116.Montenegro (Euro) - EUR
117. Mozambique (Metical) - MZM
118.Myanmar (Kyat) - MMK
119.Namibia (Dollar) - NAD
120.Nauru (Australian Dollar) - AUD
121.Nepal (Rupee) - NPR
122.Niger (Franc) - XOF
123.Nigeria (Naira) - NGN
124. Nicaragua (Cordoba) - NIO
125.Norway (Krone) - NOK
126.Oman (Rial) - OMR
127.Pakistan (Rupee) - PKR
128.Palau (US Dollar) - USD
129.Panama (Balboa) - PAB
130.Ivory Coast (Franc) - XOF
131.Papua New Guinea (Kina) - PGK
132. Paraguay (Guarani) - PYG
133.France (Euro) - EUR
134.Peru (Sol) - PEN
135.Poland (Zloty) - PLN
136.Portugal (Euro) - EUR
137.Qatar (Riyal) - QAR
138.Democratic Republic of the Congo (Franc) - CFD
139. Argentina (Peso)- ARS
12.Armenia (Dram) - AMD
13.Australia (Dollar) - AUD
14.Austria (Euro) - EUR
15.Azerbaijan (Manat) - AZN
16.Bahamas (Dollar) - BSD
17.Bahrain (Dinar)- BHD
18. Dominican Republic (Peso) - DOP
140.Romania (Leu) - RON
141.Russia (Ruble) - RUB
142.Rwanda (Franc) - RWF
143.Saint Kitts and Nevis (Dollar) - XCD
144.Saint Lucia (Dollar) - XCD
145.Saint Vincent and the Grenadines (Dollar) - XCD
146. Samoa (Tala) - SAT
147.San Marino (Euro) - EUR
148.Sao Tome and Principe (Dobra) - STD
149.New Zealand (Dollar) - NZD
150.Senegal (Franc) - XOF
151.Serbia (Dinar) - RSD
152.Seychelles (Rupee) - SCR
153. Sierra Leone (Leone) - SLL
154.Singapore (Dollar) - SGD
155.Cyprus (Euro) - EUR
156.Slovenia (Euro) - EUR
157.Slovakia (Euro) - EUR
158.Solomon Islands (Dollar) - SBD
159.Somalia (Shilling) - SOS
160. Spain (Euro) - EUR
161.Sri Lanka (Rupee) - LKR
162.Sudan (Pound) - SDG
163.South Sudan (Pound) - SSD
164.Syria (Pound) - SYP
165.Suriname (Guilder) - SRD
166.Swaziland (Lilangeni) - SZL
167.Sweden (Krona) - SEK
168. Switzerland (Franc) - CHF
169.Tajikistan (Somoni) - TJS
170.Cape Verde (Escudo) - CVE
171.Tanzania (Shilling) - TZS
172.Thailand (Baht) - THB
173.Timor-Leste (US Dollar) - USD
174.Togo (Franc) - XOF
175. Tonga (Pa'anga) - TOP
176.Trinidad and Tobago (Dollar) - TTD
177, Tunisia (Dinar) - TND
178.Turkey (Lira) - TRY
179.Turkmenistan (Manat) - TMM
180, Tuvalu (Australian Dollar) - AUD
181.Uganda (Shilling) - UGX
182.Ukraine (Hryvnia) - UAH
183.United Arab Emirates (Dirham) - AED
184. Uruguay (Peso) - UYU
185.Uzbekistan (Som) - UZS
186.Vanuatu (Vatu) - VUV
187.Venezuela (Bolivar) - VEB
188.Vietnam (Dong) - VND
189.Yemen (Rial) - YER
190.Jordan (Dinar) - JOD
191. Greece (Euro) - EUR
192.Zambia (Kwacha) - ZMK
193.Zimbabwe (Dollar) - ZWD

Those are some explanations of the meaning of IDR which stands for Indonesian Rupiah. Hopefully it can be useful and add to your knowledge.

 

Bangladesh (Taka) - BDT
19.Barbados (Dollar) - BBD
20.Netherlands (Euro) - EUR
21.Belarus (Ruble) - BYR
22.Belgium (Euro) - EUR
23.Belize (Dollar) - BZD
24.Benin (Franc) - XOF
25. Bhutan (Ngultrum) - BTN
26.Bolivia (Boliviano) - BOB
27.Bosnia and Herzegovina (Mark) - BAM
28.Botswana (Pula) - BWP
29.Brazil (Real) - BRL
30.United Kingdom (Pound) - GBP
31.Brunei Darussalam (Dollar) - BND
32. Bulgaria (Lev) - BGN
33.Burkina Faso (Franc) - XOF
34.Burundi (Franc) - BIF
35.Czech Republic (Koruny) - CZK
36.Chad (Franc) - XAF
37.Chile (Peso) - CLP
38.China (Yuan) - RMB
39. Denmark (Krone) - DKK
40.Djibouti (Franc) - DJF
41.Dominica (Dollar) - XCD
42.Ecuador (US Dollar) - USD
43.El Salvador (Colon) - SVC
44.Eritrea (Nakfa) - ERN
45.Estonia (Kroon) - EEK
46. Ethiopia (Birr) - ETB
47.Fiji (Dollar) - FJD
48.Philippines (Peso) - PHP
49.Finland (Euro) - EUR
50.Gabon (Franc) - XAF
51.Gambia (Dalasi) - GMD
52.Georgia (Lari) - GEL
53. Ghana (Cedi) - GHC
54.Grenada (Dollar) - XCD
55.Guatemala (Quetzal) - GTQ
56.Guinea (Franc) - GNF
57.Guinea-Bissau (Franc) - XOF
58.Equatorial Guinea (Franc) - XAF
59.Guyana (Dollar) - GYD
60. Haiti (Gourde) - HTG
61.Honduras (Lempira) - HNL
62.Hungary (Forint) - HUF
63.India (Rupee) - INR
64.Indonesia (Rupiah) - IDR
65.Iraq (Dinar) - IQD
66.Iran (Rial) - IRR
67.

(kpl/gen/psp)

Disclaimer: This translation from Bahasa Indonesia to English has been generated by Artificial Intelligence.
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