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The price index at the end of 1965 had been calculated at 363 times higher than in 1958, and prices had risen approximately seven times over the previous 12 months. [7] In real terms (i.e. with inflation taken into account), a labourer in Jakarta was estimated to have earned 40 per cent of his earnings in 1958. [8]
By 1978, the combination of a fall in oil prices and a decrease in foreign reserves meant that the rupiah was devalued 33% to Rp. 625 to US$1 on 16 November 1978 (although prices had increased nearly fourfold over the period). The government abandoned the fixed exchange rate, and altered economic policy to a form of a managed float.
Before the crisis, the exchange rate between the rupiah and the dollar was roughly 2,600 rupiah to 1 U.S. dollar. [48] 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.
In 1999, crude and condensate output averaged 1.5 million barrels (240,000 m 3) per day, and in 1998, the oil and gas sector including refining, contributed approximately 9% to GDP. As of 2005, crude oil and condensate output were 1.07 million barrels (170,000 m 3) per day. It indicates a substantial decline from the 1990s, due primarily to ...
The final mintages of these coins were: 136 million (1 rupiah), 139 million (2 rupiah), 448 million (5 rupiah), 286 million (10 rupiah), 1.22 billion (25 rupiah) and 1 billion (50 rupiah). The 10 rupiah coin was issued as part of the UN Food and Agriculture Organization coins and medals program, [2] an international issue by ultimately 114 ...
Display a table link to exchange rates between a currency to one of the top 9 most traded currencies in the world, and, optionally, three other currencies. Template parameters [Edit template data] This template prefers inline formatting of parameters. Parameter Description Type Status Currency code 1 The currency code to be used in this template. String required Additional currency 2 ...
'500' then 1, 2, or 3 letters then 4 numbers, or '500', 1 letter, 5 numbers 10 May 1960 13 March 1966 Rp1,000 173 × 89 mm Black and blue Jasmine flower Bird-of-paradise '1000' then 1, 2, or 3 letters, then 4 numbers, or '1000' then 2 letters over 'I', then 5 numbers 1 May 1960 Rp2,500 180 x 92 mm Orange and red Flowers Great argus displaying
The Indonesian two thousand rupiah banknote (Rp2,000) is a denomination of the Indonesian rupiah. First introduced on July 9, 2009, [1] it was made legal tender the following day and has since been modified two times, first in 2016 and then in 2022.