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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 in coins.
To do this, "rupiah baru" ('new rupiah') notes were printed. This revaluation did not take place in Java, but some were issued in Aceh instead. The denominations printed were Rp0.10 sen (blue or red), Rp 1 ⁄ 2 (green or red), Rp1 (purple or green), Rp10 (black or brown), Rp25, and Rp100.
In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee. The Indian rupee and Pakistani rupee are subdivided into one hundred paise (singular paisa) or pice. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas.
The fifty rupiah coin (Rp50) is a denomination of the Indonesian rupiah. It was first introduced in 1971 and last minted in 2003. It was first introduced in 1971 and last minted in 2003. As of 2020, only aluminum Rp50 coins dating from 1999 through 2003 remain legal tender, although it is rarely seen in circulation due to its extremely low value.
Examples of currencies around the world featuring centesimal (1 ⁄ 100) units called cent, or related words from the same root such as céntimo, centésimo, centavo or sen, are: Argentine peso (as centavo) Aruban florin, but all circulating coins are in multiples of 5 cents. Australian dollar, but all circulating coins are in multiples of 5 cents.
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 ...
The Indonesian two hundred rupiah coin (Rp200) is a coin of the Indonesian rupiah. It was first introduced in 2003 and was revised in its current form on December 19 ...
The Indonesian one hundred rupiah coin (Rp100) is a denomination of the Indonesian rupiah. First introduced in 1973 in cupronickel, it has been revised four times throughout its history, changing materials in 1991 (to aluminum-bronze) and 1999 (to aluminum).