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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.
The first Republican government-controlled bank, the Indonesian State Bank (Bank Negara Indonesia, BNI) was founded on 5 July 1946. It initially acted as the manufacturer and distributor of ORI (Oeang Republik Indonesia/Money of the Republic of Indonesia), a currency issued by the Republican Government which was the predecessor of Rupiah. [45]
The history of Indonesia has been shaped by its geographic position, natural resources, a series of human migrations and contacts, wars and conquests, as well as by trade, economics and politics. Indonesia is an archipelagic country of 17,000 to 18,000 islands stretching along the equator in Southeast Asia and Oceania .
Historically, currencies of Indonesia have been influenced by the spread of Indian and Chinese cultures. During colonial times, the currency used in what is now Indonesia was the Netherlands Indies gulden. [31] The country was invaded in 1942 by Japan, which began printing its own version of the gulden, which remained in use until March 1946.
As a result of the successful re-establishment of coinage in Indonesia, notes below 100 rupiah were withdrawn in Indonesia permanently from 1 September 1975 (at which point the exchange rate was fixed at 415 rupiah to the dollar, hence the largest denomination banknote to be withdrawn, the 50 rupiah note, was worth around US$0.10).
Sekretariat Negara Republik Indonesia (1975b) 30 Tahun Indonesia Merdeka: Jilid 3 (1965–1973) (30 Years of Indonesian Independence: Volume 3 (1965–1973)) Simanjuntak, P. N. H. (2003). Kabinet-Kabinet Republik Indonesia: Dari Awal Kemerdekaan Sampai Reformasi [Cabinets of the Republic of Indonesia: From Independence to Reformation] (in ...
Yogyakarta existed as a state since 1755 on the territory of modern Indonesia in the central part of Java Island. The sultanate became the main theatre of military operations during the Java War of 1825–1830, following which a significant part of its territory was annexed by the Dutch, and the degree of autonomy was significantly curtailed.
Indonesia has a long history of manufacturing military and commuter aircraft and is the only country in Southeast Asia to do so. Its state-owned aerospace company, Indonesian Aerospace ( PT. Dirgantara Indonesia ), has supplied components to Boeing and Airbus [ 214 ] and co-developed the CASA/IPTN CN-235 aircraft with Spain's EADS CASA , which ...