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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.
By 4 October, the currency had collapsed a further 19%, falling to Rp3,690 per dollar. It had now lost a third of its value, and now a full-blown 'crisis' existed in Indonesia. On 8 October with the rupiah at Rp3,640 per dollar, the government decided to seek the support of the International Monetary Fund. During the month, the rupiah ...
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The rate plunged to over 11,000 rupiah to 1 U.S. dollar on 9 January 1998, with spot rates over 14,000 during 23–26 January and trading again over 14,000 for about six weeks during June–July 1998. On 31 December 1998, the rate was almost exactly 8,000 to 1 U.S. dollar. [49] Indonesia lost 13.5% of its GDP that year.
Indonesia's foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metals sector drawing in the biggest inflows. Indonesia's received 654.4 trillion rupiah worth of FDI last year, or equivalent to $45.6 billion in the investment ministry's official calculation, which assumes an exchange rate of 14,350 to the dollar.
By 1968 the Suharto New Order had been established, and Bank Indonesia, as of 1968 was given sole right to issue banknotes (including notes below 5 rupiah) as well as coins (which had previously been the issue of the central government), which it did in a range from 1 to 1000 rupiah. [10] In 1970, Indonesia added 5000 and 10,000 rupiah ...
As the Malaysian dollar replaced the Malaya and British Borneo dollar at par and Malaysia was a participating member of the sterling area, the new dollar was originally valued at 8 + 4 ⁄ 7 dollars per 1 British pound sterling; in turn, £1 = US$2.80 so that US$1 = M$3.06. In November 1967, five months after the introduction of the Malaysian ...
The third issue of the Rp2,000 note was released on August 17, 2022, on Indonesia's 77th independence day. [9] Although its obverse and reverse design remained the same, the banknote's size was reduced to 126 mm × 65 mm (5.0 in × 2.6 in) [ 10 ] while its color scheme made colorful (in contrast to the previous series' monochrome) and its ...