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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 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 ...
Pancasila ( Indonesian: [pantʃaˈsila] ⓘ) is the official, foundational philosophical theory of Indonesia. The name is made from two words originally derived from Sanskrit: " pañca " ("five") and " śīla " ("principles", "precepts"). [ 1] It is composed of five principles: The legal formulation of Pancasila is contained in the fourth ...
Fall of Suharto. Fall of Suharto. Part of the 1997 Asian financial crisis and the Post-Suharto era in Indonesia. Clockwise, from top: Indonesian president Suharto presenting his resignation from office. Rioters burning office furniture on the streets of Jakarta. Students protesting against the government.
The Communist Party of Indonesia ( Indonesian: Partai Komunis Indonesia, PKI) was a communist party in the Dutch East Indies and later Indonesia. It was the largest non-ruling communist party in the world before its violent disbandment in 1965. The party had two million members in the 1955 elections, with 16 percent of the national vote and ...
Coins of the Indonesian rupiah. 100-, 200-, 500-, and 1000-rupiah coins from 1999, 2003, and 2010 series. The first coins of the Indonesian rupiah were issued in 1951 and 1952, a year or so later than the first Indonesian rupiah banknotes printed, following the peace treaty with the Netherlands in November 1949.
Asas tunggal Pancasila. The five tenets of Pancasila. Single principle of Pancasila ( Asas tunggal Pancasila) was a policy enacted by the New Order regime under President Soeharto starting 1983 compelling political parties and public organisations to declare the national ideology of " Pancasila, as their one and only ideological basis ". [nb 1]
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.