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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 ...
Unlike the Spanish milled dollar, the Continental Congress and the Coinage Act prescribed a decimal system of units to go with the unit dollar, as follows: [15] [16] the mill, or one-thousandth of a dollar; the cent, or one-hundredth of a dollar; the dime, or one-tenth of a dollar; and the eagle, or ten dollars. The current relevance of these ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 25 February 2025. President of Indonesia from 2014 to 2024 In this Indonesian name, there is no family name nor a patronymic. Joko Widodo Official portrait, 2019 President of Indonesia In office 20 October 2014 – 20 October 2024 Vice President Jusuf Kalla (2014–2019) Ma'ruf Amin (2019–2024 ...
The rupiah currency weakened to 15,615.00 IDR per 1 United States dollar (USD), [201] and exchange rate into the euro currency spiked to 17,460.00 IDR per 1 euro (EUR). [citation needed] Chairman of the Indonesian Hotel and Restaurant Association, Hariyadi B Sukamdani, is more concerned about the cause of this action.
To affirm its fiscal stake in the region, a decree was passed on 15 October 1963 to replace the Malaya and British Borneo dollar (the circulating currency) with an Indonesian-issued currency, the Riau rupiah, which replaced the dollar at par. Although the rupiah resembled the Indonesian rupiah in appearance, having a much higher value. Malayan ...
The conventional travel time of 3 hours would be reduced to 35 minutes at a price of 78 trillion rupiah. JICA finished the detailed feasibility study in 2014. This succeeded an initial study in 2012. By 2013 Indonesia had been undergoing a revival in railway expansion and upgrades. High-speed corridors had been proposed but not implemented.
Prabowo Subianto Djojohadikusumo (modern orthography: Joyohadikusumo; born 17 October 1951) is an Indonesian politician, businessman, and retired army general serving as the eighth president of Indonesia since 2024.