Jakarta – Currency is a unit of value used in a country. Currency has a central role in reflecting the identity and sovereignty of a country.
The countries in the Southeast Asian region which are members of the Association of Southeast Asian Nations (ASEAN) are no exception.
To date, the number of ASEAN member countries consists of Indonesia, Singapore, Malaysia, Thailand, Vietnam, Brunei Darussalam, Cambodia, Laos, Myanmar, the Philippines and Timor Leste.
Know the names of the currencies of the following ASEAN countries.
ASEAN Country Currencies
Quoted from the Kemdikbud Class VIII social studies emodule by Mukminan, et al., the following are the official names of ASEAN countries’ currencies with their international codes:
- Indonesia – Rupiah (IDR)
Indonesia’s currency is the Rupiah with the international code IDR. As the central bank that manages the Rupiah, Bank Indonesia (BI) in everyday life the rupiah is symbolized by Rp. - Singapore – Singapore Dollar (SGD)
In international finance, the symbol for the Singapore Dollar is S$. The Monetary Authority of Singapore is the central bank in managing this currency. - Malaysia – Ringgit (MYR)
Ringgit is the name of the Malaysian currency with the international code MYR. The Malaysian ringgit is represented by RM, with the central bank being Bank Negara Malaysia (BNM). - Thailand – Baht (THB)
Thai Baht is symbolized by ฿ and in international finance it is coded THB. Where the Bank of Thailand is the central bank responsible for this currency. - Vietnam – Vietnamese Dong (VND)
Vietnamese Dong is the currency of Vietnam symbolized by ₫ . The State Bank of Vietnam is the central bank responsible for this currency. - Brunei Darussalam – Brunei Dollar (BND)
Internationally, the Brunei Dollar code is BND. In everyday life this currency is symbolized B$. The Brunei Darussalam Monetary Authority is the central bank that manages this currency. - Cambodia – Riel (KHR)
The Cambodian riel is denoted CR and in international finance it is coded KHR. The central bank that manages this currency is the National Bank of Cambodia. - Laos – Kip (LAK)
The Lao Kip is denoted by the symbol ₭ or ₭N. In international finance the code is LAK, where the Bank of the Lao PDR is the central bank responsible for this currency. - Myanmar – Kyat (MMK)
Kyat is symbolized by K and in international finance the code is MMK. The Central Bank of Myanmar is the central bank responsible for this currency. - Philippines – Peso (PHP)
Peso is the currency of the Philippines country code (PHP). In charge of the Philippine currency is the Bangko Sentral ng Pilipinas (BSP). - Timor Leste – US Dollar (US$)
Reported by the Banknote World page, currently, the official currency of Timor Leste is the US dollar. Timor Leste adopted the US dollar in 1976, exactly a year after they became independent.
Previously, this country also used the currency Pataca (Macau currency), Rupiah and Escudo (Portugal currency).
The reason Timor Leste chose the US dollar as its currency is because it has a high value according to the standard price of goods and services in this country.
That was information about the names of ASEAN countries’ currencies. Hopefully this can increase your knowledge, detikers.
Source: Detik Finance