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PT Perusahaan Perdagangan Indonesia (Persero) (lit. ' Indonesia Trading Company ' ), or PPI , is the only Indonesian state-owned trading house . Its business is in export , import and distribution .
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.
The Indonesian twenty five rupiah coin (Rp25) is a now-defunct denomination of the Indonesian rupiah. It was introduced in 1971 and was last revised in 1991. Coins of this denomination were minted until 1996 and have been invalid for transactions since August 31, 2010 when the 1991-issue Rp25 coin ceased to be legal tender.
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 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 500 rupiah coin was updated '1997' with a smaller jasmine leaf above a large central '500' with smaller lower 'rupiah', and the same aluminium-bronze material. The coin was minted dated 1997, 2000, 2001, 2002 and 2003. The next coin design, was '1999' 50 rupiah coin, which was struck in aluminium showing the black-naped oriole. As with the ...
Indonesia nominal GDP reached 20.892 quadrillion rupiah ($1.371 trillion) in 2023, it is the 16th largest economy in the world by nominal GDP and the 8th largest in terms of GDP (PPP). Indonesia 's internet economy reached US$77 billion in 2022, and is expected to cross the US$130 billion mark by 2025. [ 34 ]
The first 'Indonesian rupiah' bank notes bore the date of the rupiah's proclamation, 17 October 1945, under the authority of the newly-formed republic, and were put in circulation in Java starting from 10 October 1946. The notes were in denominations of 1 cents, 5 cents, 10 cents, 50 cents, Rp1, Rp5, Rp10, and Rp100. [3]