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The Soviet Union thus became a major supplier of arms to the Indonesian Government, allowing Indonesia to rapidly modernize its armed forces into one of the strongest in Southeast Asia. This had follow on effects in the West New Guinea dispute as Indonesia was able to escalate tensions in the dispute by threatening overt conflict.
With Chinese companies unable to hold US dollars and foreign companies unable to hold Chinese yuan, all transactions would go through the People's Bank of China. Once the sum was paid by the foreign party in dollars, the central bank would pass the settlement in renminbi to the Chinese company at the state-controlled exchange rate.
The Indonesian rupiah (IDR) has also weakened throughout Jokowi's administration, with its exchange rate per US dollar briefly passing IDR 15,000 in 2018, the lowest level since the 1997 Asian financial crisis, and sank lower to 16,700 in 2020.
When necessary, the Central Bank issues pesos and buys dollars in the free market (sometimes large amounts, of the order of 10 to US$100 million per day) to keep the dollar price from dropping, and had amassed over US$27 billion in reserves before the US$9.81 billion payment to the International Monetary Fund in January 2006.
The Independence Day of Indonesia (in Indonesian formally known as Hari Ulang Tahun Kemerdekaan Republik Indonesia shortened "HUT RI", or simply Hari Kemerdekaan, and colloquially referred by the people as Tujuhbelasan, meaning "the Seventeenth") is a national holiday in Indonesia commemorating the anniversary of Indonesia's proclamation of independence on 17 August 1945. [1]
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.
The Indonesian government had made at least one mass grave measuring 1,000 square meters. The grave could hold as much as 1,000 bodies. The Indonesian Government then added that they would probably make another as thousands of people had died in the provincial capital. On 1 October, at least 53 bodies were buried in another mass grave in Palu. [92]
List of Indonesian cities by GDP Nominal and PPP in 2021, with 14,308 IDR = 1 USD term of Nominal while 4,833.87 IDR = 1 USD term of PPP. [4] List of Indonesian cities/regencies by average household expenditure in 2022, with 14,848 IDR = 1 USD term of Nominal while 4,850.98 IDR = 1 USD term of PPP. [5]