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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.
It would reduce the exchange rate with the US dollar from about Rp14,600 (old) to Rp14.6 (New). [12] The plan has raised public concern that the monetary policy may devalue the currency. Bank Indonesia Governor Darmin Nasution immediately announced that the planned redenomination of the national currency would not inflict any financial losses ...
A Balinese statuette of a woman made from Chinese cash coins. According to a popular legend Chinese cash coins (Balinese: Pis Bolong) were introduced to Bali around the year 12 AD when the ancient Balinese King Sri Maharaja Aji Jayapangus married the Han dynasty princess Kang Cin Wei and the princess asked the King if Chinese cash coins could become a part of all rituals in Bali, which at the ...
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The currency exchange rate reached Rp 12,000/USD1 before stabilizing. Under President Susilo Bambang Yudhoyono (SBY), the government was forced to cut its massive fuel subsidies, which were planned to cost $14 billion in October 2005. [63] This led to a more than doubling in the price of consumer fuels, resulting in double-digit inflation.
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2003 saw the introduction of the aluminium 200 rupiah coin depicting the Bali starling (jalak bali) as a new denomination in the same style as the 50 and 100 rupiah coins; these coins were dated "2003." Meanwhile, the jasmine 500 rupiah coin was again redesigned, with its metal changed to aluminium, its size enlarged, and its date changed to ...
The College Football Playoff got underway Friday but the main course is spread out through Saturday. Three first-round games will be played across three separate campus sites from State College ...