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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.
The first 'Indonesian rupiah' bank notes bore the date of the proclamation on new Indonesian money, 17 October 1945, under the authority of the "Republik Indonesia", and were apparently intended for issue on 1 February 1946, but due to the capture of most of the notes, only a tiny number escaped at this time.
Bank Rakyat Indonesia (BRI) 16 December 1895 Bank Tabungan Negara (BTN) 16 October 1897 [2] Subsidiaries of state-owned banks Bank Mandiri Taspen: 23 February 1970 Bank Mandiri: Non-foreign exchange bank Bank Mayora: 25 February 1993 Bank Negara Indonesia: Foreign exchange bank Bank Raya Indonesia: 27 September 1989 Bank Rakyat Indonesia
Indonesia, [b] officially the Republic of Indonesia, [c] is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. It consists of over 17,000 islands , including Sumatra , Java , Sulawesi , and parts of Borneo and New Guinea .
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 7th 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. [37]
[4] [3] In 1989, Bakrie & Brothers (BNBR) was listed in Jakarta Stock Exchange (now the Indonesia Stock Exchange). [2] [3] Bakrie Group diversified into media and telecommunications business in the 1990s. A local TV station PT. Cakrawala Andalas Televisi was founded in 1992, and started to broadcast nationally a year later in 1993. [5]
This is a list of Indonesians ordered by their net worth.According to Forbes (2007), [1] there were only two Indonesians who were listed among the world's billionaires. Robert Budi Hartono (and family) was ranked 664th with a total net worth of US$1.5 billion.
The rupiah and the Jakarta Stock Exchange touched a historic low in September. Moody's eventually downgraded Indonesia's long-term debt to "junk bond". [47] Although the rupiah crisis began in July and August 1997, it intensified in November when the effects of that summer devaluation showed up on corporate balance sheets.