Send Money to IDR

OFX
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
TorFX
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Moneycorp
Margin Rate: 0.50%
Minimum Transfer: 250
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in IDR

Currency Information on Indonesian Rupiah - IDR — Indonesian rupiah – Rp

Comparing Money Transfer Currencies

 

If I wish to transfer from Liberian Dollar to Euros, what is the exchange rate right now? 

 

1 EUR is currently 106.269 LRD and 1 LRD is approximately 0.0094 EUR. The most popular exchange rate is currently between LRD and USD (United States Dollar). 

 

Can the LRD be used anywhere else? 

 

LRD is used primarily in Liberia, the symbol is either a dollar sign or L$. Currently the inflation rate of the LRD is 7.7%. LRD stands for the Liberian dollar and the currency is managed under the Central Bank of Liberia. 

 

Is the LRD stable or undervalued?  

 

In order to currently answer this question, you will have to understand that Liberia is considered one of the poorest countries in the world. With that said the currency is more likely to be underdeveloped then stable or undervalued. The state of the economy has a lot to do with the civil war, and while Liberia is quite wealthy in terms of minerals, water, forests and agriculture it lacks in human capital and infrastructure. The Liberian government mainly relies on foreign exports and their agriculture business to keep the country afloat financially. Currently Liberia â€s main export partners are China and the United States, its main import partners are South Korea and China. 

 

Has the country been improving? 

 

Yes, the economy has seen a stable incline. That being said, this is looking at the economy as a whole. Liberia is unique in that it has an Open Door Policy, where business and investors are encouraged to participate in their economy with profit. While it has been improving the unemployment rate is still over 50% and it will need to continue to reform the economic policies in the government, with emphasize on foreign investment. Continuing with cash management control and continuing to maintain a balanced budget is crucial for the next couple of years. 

Derived from the Hindustani word ‘rupiyaa’, the rupiah has been in circulation since 1950, although it existed before this, it held no international recognition and it’s value was determined by the black market.

The word ‘perak’ is also used in Indonesia, to informally refer to money. ‘Perak’ means ‘silver’. Although the rupiah is divided into 100 sen, the currencies’ inflation and a lack of buying power has meant that the coins and banknotes formerly available in denominations of sen are obsolete.

100, 200, 500 and 1,000 rupiah coins are available and used frequently, whilst 25 and 50 rupiah coins are available but not used. Banknotes in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupiah are currently in circulation.

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