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USD 136.4 billion [2] Website: bi.go.id: Bank Indonesia (BI) is the central bank of the Republic of Indonesia. It replaced in 1953 the Bank of Java (Dutch: ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The first Republican government-controlled bank, the Indonesian State Bank (Bank Negara Indonesia, ... the exchange rate for 1 US dollar is set at 3,094.57 rupiah.
Indonesia's central bank has room to cut interest rates, the country's finance minister said on Tuesday, adding it is still aiming for 5.1% - 5.2% GDP growth this year despite the pressures of the ...
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Indonesia: 5.75 0.25: 15 January 2025 [46] 2.70 3.05
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.
The rate plunged to over 11,000 rupiah to 1 U.S. dollar on 9 January 1998, with spot rates over 14,000 during 23–26 January and trading again over 14,000 for about six weeks during June–July 1998. On 31 December 1998, the rate was almost exactly 8,000 to 1 U.S. dollar. [49] Indonesia lost 13.5% of its GDP that year.
The rupiah, which had strengthened to around Rp8,000, depreciated in the wake of the Jakarta riots of May 1998, and in particular the run on the Bank Central Asia, Indonesia's largest private bank, that ensued, causing the bank to be taken over by IBRA on 29 May. The SBI rate was increased to 70% in the wake of massive inflation.