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As a result, during the Indonesian political turmoil of 1965, the 'new rupiah' was introduced on 13 December 1965, at a rate of 1000 of the old unit. [6] The price index at the end of 1965 had been calculated at 363 times higher than in 1958, and prices had risen approximately seven times over the previous 12 months. [ 7 ]
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 ...
Inflation in 1965 was 635%. In late 1965, the 'new rupiah' was brought in, at 1 new rupiah to 1,000 old rupiah. The official exchange rate was set initially at Rp0.25 to US$1 as of 13 December 1965, a rate that did not represent reality, as the multiple exchange-rate system remained in place for the time being.
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. As of 2024, the last two ...
The Indonesian rupiah (IDR) banknotes denominations in circulation since 2016. There are 50 million small businesses in Indonesia, with online usage growth of 48% in 2010. Google announced that it would open a local office in Indonesia before 2012. [103] According to Deloitte in 2011, Internet-related activities have generated 1.6% of the GDP.
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.
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The final mintages of these coins were: 136 million (1 rupiah), 139 million (2 rupiah), 448 million (5 rupiah), 286 million (10 rupiah), 1.22 billion (25 rupiah) and 1 billion (50 rupiah). The 10 rupiah coin was issued as part of the UN Food and Agriculture Organization coins and medals program, an international issue by ultimately 114 ...