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Indonesian rupiah users
The Indonesian rupiah is the official currency of Indonesia (officially the Republic of Indonesia) which is an islands country in Southeast Asia.
Indonesia declared independence from the Netherlands on August 17, 1945 and was acknowledged on December 27, 1949.
Indonesian rupiah history
The Indonesian rupiah was introduced on November 2, 1949 as official currency of Indonesia. Previously, Indonesia used the Netherlands guldens. The name of rupiah was from the Indian word of rupee. Informally, Indonesians also use the word “perak” (which means “silver” in Indonesian) instead of rupiah.
The exchange rate of Indonesian rupiah and the U.S. dollar was at 1 USD =3.8 IDR essentially when it was introduced. Currently the exchange rate is 1 USD = 9669.9081 IDR as per date of February 27, 2013. The largest Indonesian banknote of 100,000 rupiah is worth about us$10.34. Indonesia may reintroduce the rupiah by removing three zeros starting 2014 and the existing rupiah to be ceased out by the end of 2016.
Indonesian rupiah coins and banknotes
The Indonesian rupiah is subdivided into 100 sen. But actually the smallest in circulating coins are 50 rupiah.
Currently in circulation coins are in denominations of 100, 200, 500, 1000 Rupiah and banknotes are in denominations of 1000, 2000, 5000, 10000.20000, 50000, 100000 Rupiah.
Indonesian rupiah and the currency of rupee
The first rupee was introduced in the sixteenth century. It is still being used by many countries including India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives, Indonesia (as the rupiah). It was formerly used in Burma, Afghanistan and many countries of Persian Gulf and the Arabian Peninsula.
Indonesia has been used the rupiah as official currency since 1949.
Nations | Currency name | Currency code | 1 USD= | 1 EUR= | 1 GBP= | Notes |
---|---|---|---|---|---|---|
Afghanistan | Afghan afghani | AFN | 51.9798 | 67.6616 | 78.0652 | The Afghani replaced Rupee in 1925. |
Myanmar (Burma) | Myanmar(Burma)kyat | MMK | 861.497 | 1121.44 | 1293.72 | Myanmar (Burma) Kyat replaced Rupee in 1952 at par. |
United Arab Emirates | United Arab Emirates dirham | AED | 3.673 | 4.78127 | 5.51579 | Gulf rupee was used in the United Arab emirates between 1959 and 1966, equivalent to the Indian rupee. |
Bahrain | Bahraini dinar | BHD | 0.37703 | 0.49075 | 0.56618 | 1. Gulf rupee was used in Bahrain between 1959 and 1966, equivalent to the Indian rupee. 2. Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 1 BHD =10 Gulf rupees. |
Kuwait | Kuwaiti dinar | KWD | 0.28375 | 0.36934 | 0.4261 | 1. Gulf rupee was used in Kuwaiti between1959 and 1961. It was equivalent to the Indian rupee. 2. Kuwaiti dinar was introduced in 1961, replacing the Gulf rupee at 1 dinar = 13⅓ Gulf rupee. |
Oman | Omani rial | OMR | 0.38505 | 0.50119 | 0.57822 | 1. Gulf rupee was used in Oman from 1959 to 1970 and was replaced by Oman rial Saidi at a rate of approximately 1 rial Saidi =21 Gulf rupees. 2. Oman rial was introduced in 1973, replacing the rial Saidi at par. |
Nations | Currency name | Currency code | 1 USD= | 1 EUR= | 1 GBP= | Notes |
---|---|---|---|---|---|---|
Indonesia | Indonesian rupiah | IDR | 9675.00 | 12592.3 | 14527.2 | The Indonesian rupiah was introduced on 2 January 1949. |
India | Indian rupee | INR | 54.9081 | 71.4646 | 82.4457 | The Indian rupee started to replace the various rupee currencies used by Indian autonomous states since 1845 and got all replaced by 1961. |
Maldives | Maldivian rufiyaa | MVR | 15.400 | 20.0433 | 23.1257 | The Maldivian rufiyaa was introduced in 1947 with equal value to the rupee. |
Mauritius | Mauritian rupee | MUR | 30.930 | 40.2559 | 46.4468 | The Mauritian rupee was introduced in 1876. |
Nepal | Nepalese rupee | NPR | 87.8971 | 114.404 | 131.990 | The Nepalese rupee was introduced in 1932. |
Pakistan | Pakistani rupee | PKR | 98.2574 | 127.889 | 147.548 | The Pakistan rupee was introduced after the partition from British India in 1947. |
Seychelles | Seychelles rupee | SCR | 12.3732 | 16.1046 | 18.5802 | The Seychelles rupee was introduced in 1914. |
Sri Lanka | Sri Lanka rupee | LKR | 127.429 | 165.874 | 191.379 | The Sri Lanka Rupee was used since January 1872. |