Intaglio mint series#

The 1998–1999 notes have not been legal tender since 31 December 2008 (but were exchangeable until 30 December 2018 at Bank Indonesia). Rupiah banknotes usually feature Indonesian national heroes.

Tjipto Mangoenkoesoemo and Garuda Pancasila Due to the low value and general shortage of small-denomination coins (below 100 rupiah), amounts are commonly rounded up (or down) or sweets are received in lieu of the last few rupiah of change in supermarkets and stores.

Intaglio mint series#

The older series of coins has been gradually disappearing. These come in denominations of Rp100, Rp200, Rp500, and Rp1,000. Presently, two series of coins are in circulation: aluminium and nickel coins dated between 1999, 2003, 2010, and a new series of coins featuring Indonesia's national heroes was issued in 2016. With US$1 worth Rp14,899.25 as of 2 Sept 2022, the largest Indonesian banknote is, therefore, worth about US$6.71. The current rupiah consists of coins from Rp50 up to Rp1,000 (Rp1 coins officially remain legal tender, but are effectively worthless and are not encountered in circulation) and banknotes of Rp1,000 up to Rp100,000. In 2017, Bank Indonesia Governor Agus Martowardojo reiterated the call, saying that if redenomination started immediately, the process could be complete by 2024 or 2025. In 2015, the government submitted a rupiah redenomination bill to the House of Representatives, but it has not yet been deliberated. Since 2010, Bank Indonesia, as the monetary authority of Indonesia, has repeatedly urged the elimination of the final three zeroes of the currency, to facilitate transaction handling, saying the move would not affect its value. 6.7 Rupiah since 1999: relative stabilityĪ long-running proposal to redenominate the rupiah has yet to receive formal legislative consideration.6.6.1 First stage of the crisis – limited initial falls.

6.6 Asian financial crisis (and response) 1997–1999.6.5.2 October 1986 – June 1997: US$ real exchange parity.6.2 1949–1965 foreign exchange restrictions.The Riau Islands and the Indonesian half of New Guinea ( Irian Barat) had their own variants of the rupiah in the past, but these were subsumed into the national rupiah in 19, respectively (see Riau rupiah and West Irian rupiah). In its early years, the rupiah was used in conjunction with other currencies, including a new version of the gulden introduced by the Dutch. Introduced in 1946 by Indonesian nationalists fighting for independence, the currency replaced a version of the Netherlands Indies gulden, which had been introduced during the Japanese occupation in World War II. The rupiah is divided into 100 sen, although high inflation has rendered all coins and banknotes denominated in sen obsolete. Sometimes, Indonesians also informally use the word perak ('silver' in Indonesian) in referring to rupiah in coins. The name ' rupiah' is derived from the Sanskrit word for silver, rupyakam ( रूप्यकम्). It is issued and controlled by Bank Indonesia. The rupiah ( symbol: Rp currency code: IDR) is the official currency of Indonesia. Currently used (2016 new-format banknotes), formerly used (2000–2015 old-format banknotes).Rp1.234,56 – Indonesian uses comma as decimal separator). However, financial reports and bank statements do record monetary amounts in sen (e.g. A) The subunit sen is no longer in practical use.