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In 2019, as Indonesia's share of global trade exceeded 0.5 percent, the United States Trade Representatives decided not to classify Indonesia as a "developing country." [ 136 ] Despite a revocation of this status, the Indonesian government has assured that this would not change the current Generalized System of Preferences facilities that ...
The national emblem of Indonesia contains a shield that represents Pancasila. Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1]
The Coordinating Ministry for Economic Affairs (Indonesian: Kementerian Koordinator Bidang Perekonomian) is an Indonesian government ministry in charge of planning and policy co-ordination, as well as synchronisation of policies in the field of economics.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Sri Mulyani Indrawati (born 26 August 1962) is an Indonesian economist who currently serves as the Minister of Finance of Indonesia as part of the Onward Indonesia Cabinet. She had served as Minister of Finance in two separate terms; under Susilo Bambang Yudhoyono between 2005–2010 and under Joko Widodo and Prabowo Subianto since 2016.
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [1] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro.
Historically, currencies of Indonesia have been influenced by the spread of Indian and Chinese cultures. During colonial times, the currency used in what is now Indonesia was the Netherlands Indies gulden. [31] The country was invaded in 1942 by Japan, which began printing its own version of the gulden, which remained in use until March 1946.
As a result of the successful re-establishment of coinage in Indonesia, notes below 100 rupiah were withdrawn in Indonesia permanently from 1 September 1975 (at which point the exchange rate was fixed at 415 rupiah to the dollar, hence the largest denomination banknote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).