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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.
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]
6. Net Exports (Exports minus Imports) 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]
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 ...
The Republic of Indonesia, a country located in Southeast Asia has three time zones. Western Indonesia Time ( Waktu Indonesia Barat, WIB) is seven hours ahead ( UTC+07:00) of the Coordinated Universal Time (UTC), used in the islands of Sumatra, Java, and the western half of Kalimantan. Central Indonesia Time ( Waktu Indonesia Tengah, WITA) is ...
A ten dollar bill or ten dollar note is a banknote denominated with a value of ten dollars and represents a form of currency. Examples of ten-dollar bills include: Australian ten-dollar note. Canadian ten-dollar bill. Hong Kong ten-dollar note. New Zealand ten-dollar note. United States ten-dollar bill.
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.