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From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. [ 9 ] [ 10 ] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis .
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.
First series (17 October 1945) 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.
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 ...
Indonesian rupiah: Rp IDR Sen = 1 ⁄ 100 rupiah 15,087.082 1949 Netherlands Indies gulden Maldives Maldivian rufiyaa: Rf, MRf, MVR, .ރ or /- MVR Laari = 1 ⁄ 100 rufiyaa 15.416997 1945 Ceylonese rupee Mauritius Mauritian rupee ₨, रु MUR Cent = 1 ⁄ 100 rupee 45.872029 1876 Indian rupee, pound sterling, Mauritian dollar Nepal Nepalese ...
Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso, raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997. The peso dropped from 26 pesos per dollar at the start of the crisis to 46.50 pesos in early 1998 to 53 pesos as in July 2001.
The Indonesian rupiah (IDR) banknotes denominations in circulation since 2016. There are 50 million small businesses in Indonesia, with online usage growth of 48% in 2010. Google announced that it would open a local office in Indonesia before 2012. [104] According to Deloitte in 2011, Internet-related activities have generated 1.6% of the GDP.
Net Exports (Exports minus Imports) List of Indonesian cities by GDP Nominal and PPP in 2021, with 14,308 IDR = 1 USD term of Nominal while 4,833.87 IDR = 1 USD term of PPP. [4] List of Indonesian cities/regencies by average household expenditure in 2022, with 14,848 IDR = 1 USD term of Nominal while 4,850.98 IDR = 1 USD term of PPP. [5]