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Inflation in 1965 was 635%. In late 1965, the 'new rupiah' was brought in, at 1 new rupiah to 1,000 old rupiah. The official exchange rate was set initially at Rp0.25 to US$1 as of 13 December 1965, a rate that did not represent reality, as the multiple exchange-rate system remained in place for the time being.
7.1 US dollar as exchange rate anchor. ... Exchange rates; Currency band; Exchange rate; Exchange rate regime; ... Indonesia Israel Jamaica ...
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By 1968 the Suharto New Order had been established, and Bank Indonesia, as of 1968 was given sole right to issue banknotes (including notes below 5 rupiah) as well as coins (which had previously been the issue of the central government), which it did in a range from 1 to 1000 rupiah. [10] In 1970, Indonesia added 5000 and 10,000 rupiah ...
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
At a 2011 Makassar Indonesian Chamber of Commerce and Industry (Kadin) meeting, Disadvantaged Regions Minister said there are 184 regencies classified as disadvantaged areas, with around 120 in eastern Indonesia. [184] 1% of Indonesia's population has 49.3% of the country's $1.8 trillion wealth, down from 53.5%. However, it is ranked fourth ...
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Following the negotiated peace treaty in The Hague of 1949, the ORI was withdrawn, and replaced by an internationally recognised Indonesian rupiah. The Indonesian rupiah has been subject to numerous devaluations, and in 1965 the existing paper was withdrawn and replaced by a new rupiah at the rate of 1,000 to 1.