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One rupiah of the new money was said to be worth 0.5 grams of gold, a similar rate to the pre-war Dutch currency (which contained 3 grams of fine gold in the 5 gulden and 6 in the 10 gulden coin), although this was not backed by metal reserves, merely a proclamation of purchasing power.
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.
Coins of the Indonesian rupiah. 100-, 200-, 500-, and 1000-rupiah coins from 1999, 2003, and 2010 series. The first coins of the Indonesian rupiah were issued in 1951 and 1952, a year or so later than the first Indonesian rupiah banknotes printed, following the peace treaty with the Netherlands in November 1949.
During the late 8th-century money took the form of ingots made of gold and silver. These are the earliest recorded coins in Indonesia. The currency in Indonesia is based on weight; the most common units were the kati of 750 grams (26 oz), tahil of 38 grams (1.3 oz), masa 2.4 grams (0.085 oz) and kupang 0.6 grams (0.021 oz). These units were ...
In July 1997, when Thailand floated the baht, Indonesia's monetary authorities widened the rupiah currency trading band from 8% to 12%. As a result, the rupiah suddenly came under severe attack in August. Therefore, on the 14th of the month, the managed floating exchange regime was replaced by a free-floating exchange rate arrangement.
The Indonesian one hundred rupiah coin (Rp100) is a denomination of the Indonesian rupiah. First introduced in 1973 in cupronickel, it has been revised four times throughout its history, changing materials in 1991 (to aluminum-bronze) and 1999 (to aluminum). As of 2022, it is the second-lowest valued coin of the rupiah after the now-rarely ...
The Netherlands Indies guilder (Dutch: Nederlands-Indische gulden, Malay-Van Ophuijsen spelling: Roepiah Hindia-Belanda) was the unit of account of the Dutch East Indies from 1602 under the United East India Company (Dutch: Vereenigde Oost-Indische Compagnie; VOC), following Dutch practice first adopted in the 15th century (guilder coins were not minted in the Netherlands between 1558 and 1681 ...
The Indonesian government awarded the pair 5 billion rupiah, or $349,000. Meanwhile, the island of Sulawesi—where Rahayu hails from—promised her five cows and a house.