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The rupiah immediately fell 7%, with foreign money quickly leaving the country. The investor confidence in Indonesia was shaken, and due to previous deregulations, much of the Indonesian stock market was owned by foreign investors. Local confidence in the currency was also undermined as the population followed suit, selling rupiah for dollars.
At a 2011 Makassar Indonesian Chamber of Commerce and Industry (Kadin) meeting, Disadvantaged Regions Minister said there are 184 regencies classified as disadvantaged areas, with around 120 in eastern Indonesia. [188] 1% of Indonesia's population has 49.3% of the country's $1.8 trillion wealth, down from 53.5%. However, it is ranked fourth ...
There was never an official exchange rate between NICA gulden and Indonesian rupiah, but with popular support for the rupiah strong, 1 ORI rupiah was initially valued at 5 NICA gulden. The currency, however, depreciated fast, falling to 2 gulden within 1 week, as the market gauged fair value, and by the end of 1946 to par.
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
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 Indonesian one thousand rupiah coin (Rp1,000) is a coin of the Indonesian rupiah. It circulates alongside the 1,000-rupiah banknote. 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 ...
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 ...