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Historically, currencies of Indonesia have been influenced by the spread of Indian and Chinese cultures. During colonial times, the currency used in what is now Indonesia was the Netherlands Indies gulden. [31] The country was invaded in 1942 by Japan, which began printing its own version of the gulden, which remained in use until March 1946.
Low-denomination Dutch banknotes were to be withdrawn in due course. This Act saw the first Republik Indonesia money being issued, of 1 and 2 1 ⁄ 2 rupiah denominations, continuing the split between denominations of under 5 gulden and 5 and above between state and central bank initiated by the Dutch.
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. ... Currency band; Exchange rate; ... India Indonesia ...
100-, 200-, 500-, and 1000-rupiah coins from 1999, 2003, and 2010 series. The first coins of the Indonesian rupiah were issued in 1951 and 1952, a year or so later than the first Indonesian rupiah banknotes printed, following the peace treaty with the Netherlands in November 1949.
1 January 1954: all "Nederlandsch Indie" government money withdrawn: 1/2, 1, and 2½ gulden notes, all dating from early World War 2, 1940; 1 January 1957: Rp0.10 and Rp0.25 "Indonesia" "1947" notes withdrawn (these were also issued by the Republic of Indonesia)
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Swiss franc, the Indian rupees and the Chinese renminbi) and which are used to back its liabilities (e.g., the local ...
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [16] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
Government of India – 1 rupee (1917) In 1913, John Maynard Keynes writes in his book Indian Currency and Finance that during the financial year 1900–1901, gold coins (sovereigns) worth £6,750,000 were given to the Indian people in the hope that they would circulate as currency. But against the expectation of the Government, not even half ...