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The New Year had the rupiah begin at Rp5,447 per dollar. On 15 January, the second letter of intent was signed with the IMF, agreeing an accelerated reform package in return for US$43 billion of aid. The rupiah had strengthened from an all-time low of Rp9,100 per dollar on 23 January to Rp. 7,225 per dollar on 15 January.
The 100 rupiah coin was first introduced in 1973 as a cupronickel coin weighing 9.72 g (0.343 oz). It had a diameter of 28.5 millimetres (1.12 in) and was 1.77 mm (0.070 in) thick. Its obverse featured the denomination ("100") in its center with the lettering "BANK INDONESIA," two stars, and the mint year (1973).
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.
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...
As a result of the successful re-establishment of coinage in Indonesia, notes below 100 rupiah were withdrawn in Indonesia permanently from 1 September 1975 (at which point the exchange rate was fixed at 415 rupiah to the dollar, hence the largest denomination banknote to be withdrawn, the 50 rupiah note, was worth around US$0.10).
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 first 'Indonesian rupiah' bank notes bore the date of the rupiah's proclamation, 17 October 1945, under the authority of the newly-formed republic, and were put in circulation in Java starting from 10 October 1946. The notes were in denominations of 1 cents, 5 cents, 10 cents, 50 cents, Rp1, Rp5, Rp10, and Rp100. [3]
Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system in which no official currency value is maintained. Currency appreciation in the same context is an increase in the value