About the Indonesian Rupiah
The Indonesian Rupiah was introduced in 1946 during the Indonesian National Revolution. It has experienced significant inflation over its history, leading to the use of high-denomination banknotes.
The name 'Rupiah' is derived from the Sanskrit word for wrought silver, 'rupya', which is also the origin of the Indian Rupee.
Interesting Facts
A Currency of Many Zeros
Due to historical inflation, the Indonesian Rupiah has many zeros on its banknotes. There have been ongoing discussions about redenominating the currency by removing three zeros.
Archipelago of Diversity
The banknotes showcase the cultural and natural diversity of Indonesia's thousands of islands, featuring traditional dancers, volcanoes, and unique animals like the Komodo dragon.
Shared Name Origin
The Rupiah shares its linguistic origin with the Indian Rupee, both deriving from the Sanskrit word for silver.
Historical Timeline
Indonesia declares independence from Dutch rule.
The first Indonesian Rupiah is issued.
A new rupiah is introduced to combat high inflation, at a rate of 1000 old rupiah to 1 new rupiah.
The Asian Financial Crisis causes the rupiah to lose over 80% of its value.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- IDR
- Symbol
- Rp
- Numeric Code
- 360
- Subunit
- Sen (1/100)
- Introduced
- 1946-10-03
Central Bank
- Name
- Bank Indonesia
- Headquarters
- Jakarta, Indonesia
- Founded
- 1953
- Current Governor
- Perry Warjiyo (since 2018)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.1%
- Inflation Rate
- 2.84%
- Interest Rate
- 6.25%
Exchange Rates
What Affects the IDR Exchange Rate?
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