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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] Sometimes, Indonesians also informally use the word perak (' silver ' in Indonesian) in referring to rupiah in coins.
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. The notes were in denominations of 1 cents, 5 cents, 10 cents, 50 cents, Rp1, Rp5, Rp10, and Rp100. [3]
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
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 ...
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The next coin design, was '1999' 50 rupiah coin, which was struck in aluminium showing the black-naped oriole. As with the 500 rupiah, the reverse of the coin has a larger numerical denomination. Dates are 1999, 2001 and 2002. The 100 rupiah coin was also altered in the same manner to aluminium from '1999', depicting the palm cockatoo. Mint ...
Congestion pricing runs counter to the federal highway aid program, which prohibits tolling on roads built with federal funds unless Congress grants an exception, the DOT said.. Duffy said ending ...
The Indonesian one hundred rupiah coin (Rp100) is a denomination of the Indonesian rupiah.First introduced in 1973 in cupronickel, it has been revised four times throughout its history, changing materials in 1991 (to aluminum-bronze) and 1999 (to aluminum).