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The rupiah declined from its relatively strengthened position at the end of the financial crisis, with the rupiah seeing the start of 2000 at Rp7,050 to the US dollar, but declining to Rp9,725 by the end of 2000, and reaching a low of Rp12,069 on 27 April 2001. The currency strengthened to Rp8,500 later in 2001 but ended 2001 at Rp10,505.
The Indonesian five hundred rupiah coin (Rp500) is a denomination of the Indonesian rupiah. It was introduced in 1991 and has since been revised three times in 1997, 2003, and 2016. It currently has the second-highest value of all circulating rupiah coins after the Rp1,000 coin. As of December 2023, only alumunium 500 rupiah coins, dated 2003 ...
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
The 500 rupiah coin was updated '1997' with a smaller jasmine leaf above a large central '500' with smaller lower 'rupiah', and the same aluminium-bronze material. The coin was minted dated 1997, 2000, 2001, 2002 and 2003. The next coin design, was '1999' 50 rupiah coin, which was struck in aluminium showing the black-naped oriole. As with the ...
In 1993, a polymer Rp50,000 rupiah note, worth approximately US$24.15 at the time of its release on 18 February (assuming that the exchange rate was Rp2,070 per 1 US dollar at that time period), was issued to celebrate "25 Years of Development" under the New Order; it was the first in Indonesia.
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The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in ...