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[9] [10] In November 2017, Vinci Grand Construction Projects signed a contract to build a MotoGP circuit in Mandalika Special Economic Zone, Lombok with an investment value of 6.5 trillion Rupiah. The construction of the circuit was expected to take 2 years, starting in 2018, [ 11 ] [ 12 ] [ 10 ] however the circuit was not built until 2019. [ 13 ]
Indonesia's foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metals sector drawing in the biggest inflows. Indonesia's received 654.4 trillion rupiah worth of FDI last year, or equivalent to $45.6 billion in the investment ministry's official calculation, which assumes an exchange rate of 14,350 to the dollar.
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).
The Association of Southeast Asian Nations, [c] commonly abbreviated as ASEAN, [d] is a political and economic union of 10 states in Southeast Asia.Together, its member states represent a population of more than 600 million people and land area of over 4.5 million km 2 (1.7 million sq mi). [13]
The Reformasi of 1998 led to changes in Indonesia's various governmental institutions, including the structures of the judiciary, legislature, and executive office. Generally, the fall of Suharto in 1998 is traced from events starting in 1996, when forces opposed to the New Order began to rally around Megawati Sukarnoputri , head of the PDI and ...
In 1971 the U.S. government suspended the convertibility of the dollar to gold. After this many countries de-pegged their currencies from the U.S. dollar, and most of the world's currencies became unbacked by anything except the governments' fiat of legal tender and the ability to convert the money into goods via payment.
To affirm its fiscal stake in the region, a decree was passed on 15 October 1963 to replace the Malaya and British Borneo dollar (the circulating currency) with an Indonesian-issued currency, the Riau rupiah, which replaced the dollar at par. Although the rupiah resembled the Indonesian rupiah in appearance, having a much higher value. Malayan ...
During the Indonesia-Japan Friendship Festival in November 2008, Japan showcased their Shinkansen technology to Indonesian audiences. [27] The idea of high-speed rail backed by funding through soft loans has been proposed by Japan International Cooperation Agency (JICA) for the Indonesian island of Java , linking up the densely populated ...