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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 in coins.
The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in prior years, had its value destroyed.
The service is currently subsidized by the Indonesian government, receiving Rp 18.8 billion (~USD 1.2 million) in 2021. [17] The service reported 32,936 riders throughout 2022, [ 18 ] and 88,508 throughout 2023.
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