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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.
Bank Indonesia was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia's independence by Netherlands. [4] For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation's national bank and is in charge in issuing Indonesian rupiah currency ...
The final mintages of these coins were: 136 million (1 rupiah), 139 million (2 rupiah), 448 million (5 rupiah), 286 million (10 rupiah), 1.22 billion (25 rupiah) and 1 billion (50 rupiah). The 10 rupiah coin was issued as part of the UN Food and Agriculture Organization coins and medals program, [2] an international issue by ultimately 114 ...
The 100 rupiah coin was first introduced in 1973 as a cupronickel coin weighing 9.72 g (0.343 oz). It had a diameter of 28.5 millimetres (1.12 in) and was 1.77 mm (0.070 in) thick. Its obverse featured the denomination ("100") in its center with the lettering "BANK INDONESIA," two stars, and the mint year (1973).
Notes of this series were sometimes confused with the higher-denominated 20,000 rupiah note from the same 2016 series, which was similar in color, denomination, design, and size. [6] Bank Indonesia predicts that this note, alongside other notes of the 2016 series, will cease to be legal tender around 2025 or 2026. [7] [8]
The Bank Indonesia-printed handicrafts series replaced the TDLR notes in 1961 and 1962, with denominations from Rp5 to Rp1,000 being issued. The first Rp10,000 banknote was introduced in 1964. A further response to inflation came with the issue of a 1958-dated Rp5,000 (brown) note in October 1963.
On 19 December 2016, Bank Indonesia launched the all new design of rupiah banknotes and coins. They started to place the text Negara Kesatuan Republik Indonesia on their banknotes, rather than Bank Indonesia on the previous design. This practice was started earlier on the 2014 100,000 banknote based on the 2004 design.
The Indonesian twenty five rupiah coin (Rp25) is a now-defunct denomination of the Indonesian rupiah.It was introduced in 1971 and was last revised in 1991. Coins of this denomination were minted until 1996 and have been invalid for transactions since August 31, 2010 when the 1991-issue Rp25 coin ceased to be legal tender.