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In Malaysia, the terms "Indonesian Malay" and "Malaysian Malay" are sometimes used for Indonesian and Malay as spoken in Malaysia. In Indonesia, "Indonesian Malay" usually refers to the vernacular varieties of Malay spoken by the Malay peoples of Indonesia, that is, to Malay as a regional language in Sumatra, though it is rarely used. [20]
As the Malaysian dollar replaced the Malaya and British Borneo dollar at par and Malaysia was a participating member of the sterling area, the new dollar was originally valued at 8 + 4 ⁄ 7 dollars per 1 British pound sterling; in turn, £1 = US$2.80 so that US$1 = M$3.06. In November 1967, five months after the introduction of the Malaysian ...
The Republican government declared that the new central bank of Indonesia would be Bank Negara Indonesia, established on 5 July 1946, occupying the offices of De Javasche Bank in Yogyakarta, the stronghold of the republic. The Indonesian rupiah was first issued by proclamation of 3 October 1946.
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.
By 1968 the Suharto New Order had been established, and Bank Indonesia, as of 1968 was given sole right to issue banknotes (including notes below 5 rupiah) as well as coins (which had previously been the issue of the central government). [10] Hence, the new issue of Rp1 to Rp1,000 banknotes, dated 1968, were all emanating from Bank Indonesia.
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.
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]
Indonesian speaker. Indonesian (Bahasa Indonesia; [baˈhasa indoˈnesija]) is the official and national language of Indonesia. [8] It is a standardized variety of Malay, [9] an Austronesian language that has been used as a lingua franca in the multilingual Indonesian archipelago for centuries.