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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 coin-like products found in Indonesia date from the 9th century Buddhist Sailendran dynasty and were produced in Indonesia until the 12th century: gold and silver massa (emas is the modern Indonesian word for "gold"), tahil and kupang, often described with the letter ma for massa or the image of sandalwood flower.
Notes featuring the new name of the nationalised De Javasche Bank, Bank Indonesia, were prepared dated 1952, in denominations of Rp5, Rp10, Rp25, Rp50, Rp100, Rp500, and Rp1,000, signed by Indra Kasoema as Director, and Sjafruddin Prawiranegara as Governor. The notes began circulating from July 1953 to November 1954 depending on denomination.
The Kupang gave its name to an Indonesian city in southwest of Timor. The coin was made of gold, circulated in Aceh , Sulawesi and Malayan states in some forms, for centuries. In 1963 Indonesia Issued a coin of 2 1/2 rupiah depicting Sukarno in two forms, one of the coins was intended for West Irian , the other was intended for entire Indonesia ...
The local name of the currency is used in this list, with the adjectival form of the country or region. ... International dollar – hypothetical currency pegged 1:1 ...
Bank Indonesia initiated Garuda Project, a project to develop Indonesian central bank digital currency on 30 November 2022. [45] Bank Indonesia issued the white paper on digital Rupiah development. [46] By passage of the Law on Financial Sector Development and Strengthening, digital Rupiah is legalized as form of Rupiah. [47]
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The Indonesian two thousand rupiah banknote (Rp2,000) is a denomination of the Indonesian rupiah. First introduced on July 9, 2009, [ 1 ] it was made legal tender the following day and has since been modified two times, first in 2016 and then in 2022.