The Indonesian Rupiah is the currency of Indonesia.The currency code for Rupiahs is IDR, and the currency symbol is Rp. Bank of Indonesia issues and controls the IDR.The name 'rupiah' is derived from the Hindustani word rupiya , ultimately from Sanskrit rupya(wrought silver). Informally, Indonesians also use the word 'perak' ('silver' in Indonesian) in referring to rupiah. The rupiah is subdivided into 100 sen, although inflation has rendered all coins and banknotes denominated in sen obsolete.
Currency Facts
| IDR Stats | IDR Profile |
| Name :Indonesian Rupiah | Central Bank :Central Bank of Republic of Indonesia Website:http://www.bi.go.id/web/en |
| Symbol :Rp | Coins :Freq Used :Rp100, Rp200, Rp500 |
| Minor Unit :1/100 = Sen (obsolete) | Banknotes : Freq Used :Rp1000, Rp2000, Rp5000, Rp10000, Rp20000, Rp50000, Rp100000 |
| Top LKR Conversion:USD/IDR | Users :Indonesia, East Timor |
Indonesian Rupiah History
As a Dutch colony, Indonesia used the Netherlands Indies Guilden until the Japanese invasion in 1942. The Japanese printed their own version of the Guilden in excess quantities, causing hyperinflation during their occupation.Ignoring advice from the Allied forces, Dutch nationalists on the island of Java introduced the Indonesian Rupiah on October 3, 1946. Japanese and low-denomination pre-war guilden could be exchanged for the new currency, but not the 1943-issued NICA guilden. The Japanese guilden continued to be the dominant currency, especially in remote territories, and the NICA guilden continued in use in Dutch-controlled areas.
