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The rupiah immediately fell 7%, with foreign money quickly leaving the country. The investor confidence in Indonesia was shaken, and due to previous deregulations, much of the Indonesian stock market was owned by foreign investors. Local confidence in the currency was also undermined as the population followed suit, selling rupiah for dollars.
A Balinese statuette of a woman made from Chinese cash coins. According to a popular legend Chinese cash coins (Balinese: Pis Bolong) were introduced to Bali around the year 12 AD when the ancient Balinese King Sri Maharaja Aji Jayapangus married the Han dynasty princess Kang Cin Wei and the princess asked the King if Chinese cash coins could become a part of all rituals in Bali, which at the ...
This money is known as Oeang Republik Indonesia (ORI; oeang being the old spelling of uang ("money")). Following the negotiated peace treaty in The Hague of 1949, the ORI was withdrawn, and replaced by an internationally recognised Indonesian rupiah.
Undeposited money after October was declared worthless. One rupiah of the new money was said to be worth 0.5 grams of gold, a similar rate to the pre-war Dutch currency (which contained 3 grams of fine gold in the 5 gulden and 6 in the 10 gulden coin), although this was not backed by metal reserves, merely a proclamation of purchasing power.
The first four episodes of “Other People’s Money” will world premiere in Berlin at 3.30 p.m. on Feb. 20 at the prestigious Zoo Palast movie theater, followed by a Q&A with cast and crew ...
Bali (English: / ˈ b ɑː l i /; Balinese: ᬩᬮᬶ) is a province of Indonesia and the westernmost of the Lesser Sunda Islands.East of Java and west of Lombok, the province includes the island of Bali and a few smaller offshore islands, notably Nusa Penida, Nusa Lembongan, and Nusa Ceningan to the southeast.
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A Gobog Wayang from the island of Java.. Indonesian numismatic charms (Indonesian: Uang Gobog, Uang Gobog Wayang, Koin Gobog, Gobog Wayang, or simply Gobog; Dutch: Indonesische tempelmunten), [1] also known as Indonesian magic coins, are a family of coin-like objects based on a similar Chinese family of coin charms, amulets, and talismans but evolved independently from them.