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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 ...
In 1998, real GDP contracted by 13.1%, and the economy reached its low point in mid-1999 with 0.8% real GDP growth. Inflation reached 72% in 1998 but slowed to 2% in 1999. The rupiah, which had been in the RP 2,600/USD1 range at the start of August 1997 fell to 11,000/USD1 by January 1998, with spot rates around 15,000 for brief periods during ...
I. Icelandic króna; Indian rupee; Indonesian 1,000-rupiah coin; Indonesian 2,000 rupiah note; Indonesian 25-rupiah coin; Indonesian 50-rupiah coin; Indonesian 100-rupiah coin
The real values of individual goods or commodities may rise or fall against each other, in relative terms, but a representative commodity bundle as a whole retains its real value as a constant from one period to the next. Real values can for example be expressed in constant 1992 dollars, with the price level fixed 100 at the base date.
No. 10 Highest: New Hampshire. Living in New Hampshire, the cradle of New England, can seem idyllic until you look at property taxes. The average property tax rate is 1.25%.
Danny Pintauro shared that he underwent emergency surgery following an accident on a scooter. On Sunday, Dec. 1, the Who's The Boss alum, 48, revealed the accident happened on the night of ...
1. Add to Grains. Turn yesterday’s soup into today’s healthy bowl. Start with a base of grains like rice, farro, or quinoa. Add roasted veggies and a protein.