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Contents. hide. (Top) 800–1600 Native, Javanese and Chinese money. 1600–1942 Dutch colonial money. 1942–1949 Japanese invasion, and Indonesian independence – the dawn of hyperinflation in Indonesia. The Japanese invasion. Dutch/Allied re-occupation. The first Indonesian rupiah – in Java. Dutch money of 1947–1949.
The rupiah was introduced in 1946 by Indonesian nationalists fighting for independence. It replaced the Japanese-issued version of the Netherlands Indies gulden which had been introduced during the Japanese occupation in World War II.
Aug 3, 2022 · Suzanne Kvilhaug. What Is the Indonesian Rupiah (IDR)? The Indonesian rupiah (IDR) is the official currency of Indonesia, a Southeast Asian country made up of thousands of small islands....
Mar 19, 2024 · The Indonesian Rupiah (IDR) became the official currency of Indonesia in 1950, following independence from Dutch rule. The IDR has experienced fluctuations in value, influenced by historical events and economic changes. As of July 2022, the exchange rate is approximately 15,000 IDR per USD.
The rupiah was first issued in October 1946 and replaced the Indonesian Dutch East Indies guilder. (The country was a colony of the Netherlands until World War II.) From the late 1940s to the early 1950s, two currencies were circulating on the island of Java.
May 6, 2024 · The rupiah became Indonesia’s official currency in 1949, when it replaced the Indonesian Dutch East Indies guilder. Because the currency depreciated greatly during the 1950s, a new rupiah was issued in 1965; the rate of exchange was 1,000 old rupiah for 1 new rupiah.
Indonesia introduced the first version of the rupiah in October 1946; however, it circulated along with a variety of other currencies from 1946 to 1950. The Japanese adaptation of the gulden stood as the most prevalent currency, along with the Netherland’s gulden and Indonesia’s brand-new rupiah.
