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The rupiah had strengthened from an all-time low of Rp9,100 per dollar on 23 January to Rp. 7,225 per dollar on 15 January. However, as it became clear Suharto had no intention of fulfilling the agreement, the rupiah plummeted by more than 50%, bottoming out at Rp14,800 per dollar on 23 January.
The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. 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 ...
The 500 rupiah coin was updated '1997' with a smaller jasmine leaf above a large central '500' with smaller lower 'rupiah', and the same aluminium-bronze material. The coin was minted dated 1997, 2000, 2001, 2002 and 2003. The next coin design, was '1999' 50 rupiah coin, which was struck in aluminium showing the black-naped oriole. As with the ...
The fifty rupiah coin (Rp50) is a denomination of the Indonesian rupiah. It was first introduced in 1971 and last minted in 2003. It was first introduced in 1971 and last minted in 2003. As of 2020, only aluminum Rp50 coins dating from 1999 through 2003 remain legal tender, although it is rarely seen in circulation due to its extremely low value.
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 Indonesian one hundred rupiah coin (Rp100) is a denomination of the Indonesian rupiah.First introduced in 1973 in cupronickel, it has been revised four times throughout its history, changing materials in 1991 (to aluminum-bronze) and 1999 (to aluminum).
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
Indonesian rupiah Ecuador: 2001 ... English — dollar; ... By 1900, value of silver dollars had fallen to 50 percent of gold dollars.