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The cost of one Euro in Indonesian rupiah's (from 2005). The rupiah declined from its relatively strengthened position at the end of the financial crisis, with the rupiah seeing the start of 2000 at Rp7,050 to the US dollar, but declining to Rp9,725 by the end of 2000, and reaching a low of Rp12,069 on 27 April 2001.
Problems that continue to put a drag on growth include low foreign investment levels, bureaucratic red tape, and widespread corruption which costs RP. 51.4 trillion (US$5.6 billion) or approximately 1.4% of GDP annually. [citation needed] However, there is a robust economic optimism due to the conclusion of the peaceful 2004 elections.
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.
Big Mac index, November 2022. The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries.
The Indonesian one hundred thousand rupiah banknote (Rp100,000) is a denomination of the Indonesian rupiah. Being the highest and second-newest denomination of the rupiah (after the Rp2,000 note), it was first introduced on November 1, 1999, as a polymer banknote [1] [2] before switching to cotton paper in 2004; [3] all notes have been printed using the latter ever since.
In 1993, a polymer Rp50,000 rupiah note, worth approximately US$24.15 at the time of its release on 18 February (assuming that the exchange rate was Rp2,070 per 1 US dollar at that time period), was issued to celebrate "25 Years of Development" under the New Order; it was the first in Indonesia.
Words have been freely borrowed from English and only partly assimilated, in many cases, to the Indonesian patterns of structure. [47] By the late 1970s, English words began pouring into the language, leading one commentator, writing in 1977, to refer to the "trend towards Indo-Saxonization", [48] known in Indonesian as pengindosaksonan. Many ...
The green-gray note, which had a size of 141 mm × 65 mm (5.6 in × 2.6 in) and weighed 80 g (2.8 oz), featured the image of the national hero Mohammad Husni Thamrin on its obverse and depictions of the Sianok Canyon, the Tari Piring traditional dance, and champaka flower [4] on its reverse. Its security features include microtext, intaglio ...