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The rupiah (symbol: Rp; currency code: IDR) is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam (रूप्यकम्). [4] Sometimes, Indonesians also informally use the word perak (' silver ' in Indonesian) in referring to rupiah
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
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 prior years, had its value destroyed.
Indonesian rupiah: Bank Indonesia Iran: Iranian rial: Central Bank of the Islamic Republic of Iran Iraq: Iraqi dinar: Central Bank of Iraq Israel: Israeli new shekel: Bank of Israel Japan: Japanese yen: Bank of Japan: float Jordan: Jordanian dinar: Central Bank of Jordan: 1 USD = 0.708 JOD (buy) 1 USD = 0.710 JOD (sell) Kazakhstan: Kazakhstani ...
The Indonesian rupiah (IDR) banknotes denominations in circulation since 2016. There are 50 million small businesses in Indonesia, with online usage growth of 48% in 2010. Google announced that it would open a local office in Indonesia before 2012. [103] According to Deloitte in 2011, Internet-related activities have generated 1.6% of the GDP.
Before the crisis, the exchange rate between the rupiah and the dollar was roughly 2,600 rupiah to 1 U.S. dollar. [48] The rate plunged to over 11,000 rupiah to 1 U.S. dollar on 9 January 1998, with spot rates over 14,000 during 23–26 January and trading again over 14,000 for about six weeks during June–July 1998.
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
In 1997, during the economic financial crisis, the Indonesian government gave banks such as Bank Surya bailout money and Bambang Sutrisno embezzled 1.5 trillion Indonesian rupiah, the equivalent of around 200 million US dollars.