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Bank Indonesia introduced a new family of banknotes on 18 August 2022. Officially they were retroactively issued as legal tender on 17 August 2022 to commemorate the 77th Independence Day of Indonesia. Similar to the 2016 series, the Indonesian dances and national heroes are still featured on the notes, with some notable changes. [20] [21]
Fixed currency (alphabetical order) Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin
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 ...
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.
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Perry suggested that there may be room for further easing in months ahead saying, "Bank Indonesia thinks there is still room for accommodative policies, in line with a low inflation projection and to push for further economic growth". [11] The following month, in August, Bank Indonesia announced a second cut in the interest rate from 5.75% to 5.5%.
The currency exchange rate reached Rp 12,000/USD1 before stabilizing. Under President Susilo Bambang Yudhoyono (SBY), the government was forced to cut its massive fuel subsidies, which were planned to cost $14 billion in October 2005. [63] This led to a more than doubling in the price of consumer fuels, resulting in double-digit inflation.
Bank Indonesia was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia's independence by Netherlands. [4] For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation's national bank and is in charge in issuing Indonesian rupiah currency ...