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The currency strengthened to Rp8,500 later in 2001 but ended 2001 at Rp10,505. March 2002 had the currency break below Rp10,000, from which point the currency maintained a rate in the Rp8,000s and Rp9,000s until August 2005, and in the latter half of that year, the trading range extended towards Rp11,000, but ending the year just below Rp10,000.
As a result of the successful re-establishment of coinage in Indonesia, notes below 100 rupiah were withdrawn in Indonesia permanently from 1 September 1975 (at which point the exchange rate was fixed at 415 rupiah to the dollar, hence the largest denomination banknote to be withdrawn, the 50 rupiah note, was worth around US$0.10).
The first coin-like products found in Indonesia date from the 9th century Buddhist Sailendran dynasty and were produced in Indonesia until the 12th century: gold and silver massa (emas is the modern Indonesian word for "gold"), tahil and kupang, often described with the letter ma for massa or the image of sandalwood flower.
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
The currency in Indonesia is based on weight; the most common units were the kati of 750 grams (26 oz), tahil of 38 grams (1.3 oz), masa 2.4 grams (0.085 oz) and kupang 0.6 grams (0.021 oz). These units were legal tender for tax payments. The kati, tahil, masa and kupang units remained in use up until the Dutch period.
Furthermore, the "BANK INDONESIA" lettering, once etched to its edge, was removed; with the edge itself being made reeded. 907,773,000 of these coins were minted in total. [5] These coins were taken out of circulation on June 25, 2002, the same date as the 1973 coins, and were redeemable in commercial banks until June 24, 2007, and in Bank ...
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The fifty rupiah coin (Rp50) is a denomination of the Indonesian rupiah.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.