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Bank Negara Indonesia (lit. 'State Bank of Indonesia', formerly Bank Negara Indonesia 1946, lit. 'State Bank of Indonesia of 1946') is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York.
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 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 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]
Bank Indonesia headquarters in Jakarta: Headquarters: Jakarta, Indonesia: Established: 24 January 1828; 196 years ago () (Bank of Java) 1 July 1953; 71 years ago () (current form) Governor: Perry Warjiyo [1] Central bank of: Indonesia: Currency: Indonesian rupiah IDR Reserves: USD 136.4 billion [2] Website: bi.go.id
PT Bank Tabungan Negara (Persero) Tbk, lit."National (State) Savings Bank", abbreviated and trading as BTN (currently stylized in its logo in all-lowercase), is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.
PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. It is the largest private bank in Indonesia with assets amounting to Rp 5.529,83 trillion (USD 308,5 billion) as of 2022. [2]
The exchange rate of the Rupiah plummeted during the 1997 Asian financial crisis. The economy of Indonesia suffered in 1997 and 1998 due to the 1997 Asian financial crisis. The value of the Indonesian rupiah plummeted, with a record exchange rate of 2,682 rupiah per United States dollar by 13 August 1997 and continuing to free-fall. [2]