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The rupiah fell from Rp4,085 to Rp5,650 per dollar in the space of a single week. By the middle of the month, 154 banks, comprising half of the banking system, had suffered bank runs. By Christmas Eve, the rupiah stood at 5,915 per dollar, a fall of 60% since July. The New Year had the rupiah begin at Rp5,447 per dollar.
In 1993, a polymer Rp50,000 rupiah note, worth approximately US$24.15 at the time of its release on 18 February (assuming that the exchange rate was Rp2,070 per 1 US dollar at that time period), was issued to celebrate "25 Years of Development" under the New Order; it was the first in Indonesia.
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 next coin design, was '1999' 50 rupiah coin, which was struck in aluminium showing the black-naped oriole. As with the 500 rupiah, the reverse of the coin has a larger numerical denomination. Dates are 1999, 2001 and 2002. The 100 rupiah coin was also altered in the same manner to aluminium from '1999', depicting the palm cockatoo. Mint ...
Notes of this series were sometimes confused with the higher-denominated 20,000 rupiah note from the same 2016 series, which was similar in color, denomination, design, and size. [6] Bank Indonesia predicts that this note, alongside other notes of the 2016 series, will cease to be legal tender around 2025 or 2026.
Timor-Leste centavo coins were introduced in Timor-Leste (East Timor) in 2003 for use alongside United States dollar banknotes and coins, which were introduced in 2000 to replace the Indonesian rupiah following the commencement of U.N. administration. One centavo is equal to one U.S. cent. Coins issued for general circulation are in ...
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).
The Indonesian one hundred thousand rupiah banknote (Rp100,000) is a denomination of the Indonesian rupiah. Being the highest and second-newest denomination of the rupiah (after the Rp2,000 note), it was first introduced on November 1, 1999, as a polymer banknote [1] [2] before switching to cotton paper in 2004; [3] all notes have been printed using the latter ever since.