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Initially, the Singapore dollar was pegged to the pound sterling at a rate of two shillings and four pence to the dollar, or £1 = S$60/7 or S$8.57; in turn, £1 = US$2.80 from 1949 to 1967 so that US$1 = S$3.06. This peg to sterling was broken in 1967 when the pound was devalued to US$2.40 but the peg to the U.S. dollar of US$1 = S$3.06 was ...
The rupiah fell from Rp4,085 to Rp5,650 per dollar in the space of a single week. By the middle of the month, 154 banks, comprising half of the banking system, had suffered bank runs. By Christmas Eve, the rupiah stood at 5,915 per dollar, a fall of 60% since July. The New Year had the rupiah begin at Rp5,447 per dollar.
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.
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The Indonesian one thousand rupiah coin (Rp1,000) is a coin of the Indonesian rupiah.It circulates alongside the 1,000-rupiah banknote. First introduced on 8 March 1993 as bimetallic coins, they are now minted as unimetallic coins, with the first of its kind appearing in 2010 and its latest revision being in 2016.
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).
Such move meant the issue of an entirely new set of banknotes by the Presidential Decree of 13 December 1965 which authorised Bank Indonesia to issue fractional notes for the first time (although the Rp1 and Rp2½ notes were still issued by the government itself) in denominations of 1, 5, 10, 25, and 50 cents depicting volunteers (sukarelawan ...
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 ...