Indonesian Rupiah Symbol: Rp | Code: IDR
1. The national and official currency of Indonesia is the rupiah, abbreviated as IDR.
2. The first version of Rupiyah came into existence in 1946 circulated alongside other currencies till 1950.
3. Later after the country's independence, the Indonesia's Federal Government declared Rupiyah as the national currency.
4. Due to high inflation rates around 1965, shortly after the country got independence, the Indonesian Government launched a variety of measures along with attempts to control the Foreign Exchange.
5. IDR also witnessed a decline under its managed, fixed and free-floating exchange rate system. From a rate of 3.8/USD, due to the Asian financial crisis, it gradually declined below 16,800.
6. However, it rebounded to about 8,000, and in 2021, it is 16,900.
7. As of 2020, IDR banknotes are available in Rp1,000, Rp2,000, Rp5,000, Rp10,000, Rp20,000 , Rp50,000 , Rp75,000 and Rp100,000.
What is the interbank exchange rate for the Indonesian Rupiah ?
1 GBP = 20161.700000 IDR
Last update date : 08-12-2024 06:58:57
Last updated on 08-12-2024 06:58:57
The below table shows the exchange rate and inverse exchange rate
Last updated on 08-12-2024 06:58:57
Currency |
Exchange Rate |
Inverse Rate |
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