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To complete the redenomination process, older notes with values from Rp500 through Rp10,000 were withdrawn throughout 1965 and 1966. By 1967, it had proved necessary to add Rp500 and Rp1,000 rupiah notes in the same design due to that year's 112% inflation rate. [11]
The rupiah fell from Rp4,085 to Rp5,650 per dollar in the space of a single week. By the middle of the month, 154 banks, comprising half of the banking system, had suffered bank runs. By Christmas Eve, the rupiah stood at 5,915 per dollar, a fall of 60% since July. The New Year had the rupiah begin at Rp5,447 per dollar.
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 ...
The dollar likewise held firm on the yen at 153.7, having jumped almost 2.5% last week, while the euro looked wobbly at $1.0512. [FRX/]
The U.S. Department of Energy has zeroed in on three regions of the country it has determined are in major need of new electric transmission infrastructure and eligible for future federal funding ...
The US dollar index is up 6% since the end of September — a sizable move for the world's reserve currency in a short span. "When the dollar is too strong, we talk ...
The fifty rupiah coin (Rp50) is a denomination of the Indonesian rupiah. It was first introduced in 1971 and last minted in 2003. It was first introduced in 1971 and last minted in 2003. As of 2020, only aluminum Rp50 coins dating from 1999 through 2003 remain legal tender, although it is rarely seen in circulation due to its extremely low value.
Most of us immediately understand why butter needs to be at room temperature if you intend to cream it with sugar (and remember, you tend to see some iteration of the phrase "beat until fluffy ...