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[39] [40] Indonesia faced a recession in 2020 when the economic growth collapsed to −2.07% due to the COVID-19 pandemic, its worst economic performance since the 1997 crisis. [41] In 2022, gross domestic product expanded by 5.31%, due to the removal of COVID-19 restrictions as well as record-high exports driven by stronger commodity prices. [42]
The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in ...
In 2022, KKN di Desa Penari smashed box office records, becoming the most-watched Indonesian film with 9.2 million tickets sold. [347] Indonesia has held annual film festivals and awards, including the Indonesian Film Festival (Festival Film Indonesia) held intermittently since 1955. It hands out the Citra Award. From 1973 to 1992, the festival ...
1 January – M 4.5 earthquake occurs 23 km (14 mi) north northeast of Lembang, West Java.Four hundred houses are damaged in Sumedang. [1] [2]5 January – Four people are killed and 37 injured in a train head-on collision between Turangga Train operated by Kereta Api Indonesia (KAI) and Commuter Line Bandung Raya operated by KAI Commuter near Cicalengka, West Java.
Construction start at August 2018, with the cost of $7.3 billion to build, [17] [11] [18] [19] the line began trial operation with passengers on 7 September 2023 and commercial operations on 17 October 2023. [20] [21] [22]. The Whoosh high-speed train has served 6.06 million passengers during a full year in 2024 [3]. As of September 2024, there ...
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
[19] [20] In 1854, Secretary of the Treasury James Guthrie proposed creating $100, $50, and $25 gold coins, to be referred to as a union, half union, and quarter union, respectively, [21] thus implying a denomination of 1 Union = $100. However, no such coins were ever struck, and only patterns for the $50 half union exist.
The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan.The issuance of the currency is controlled by the State Bank of Pakistan.It was officially adopted by the Government of Pakistan in 1949.