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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]
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.
The first 'Indonesian rupiah' bank notes bore the date of the rupiah's proclamation, 17 October 1945, under the authority of the newly-formed republic, and were put in circulation in Java starting from 10 October 1946.
As a result of the successful re-establishment of coinage in Indonesia, notes below 100 rupiah were withdrawn in Indonesia permanently from 1 September 1975 (at which point the exchange rate was fixed at 415 rupiah to the dollar, hence the largest denomination banknote to be withdrawn, the 50 rupiah note, was worth around US$0.10).
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Indonesian rupiah – Indonesia;
Moody's raised Indonesia's foreign and local currency bond ratings to Baa3 from Ba1 with a stable outlook. [154] In May 2017, S&P Global raised Indonesia's investment grade from BB+ to BBB− with a stable outlook, due to the economy experiencing a rebound in exports and strong consumer spending during early 2017.
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