Monday, October 26, 2009

THE HISTORY OF RUPIAH (IDR)



Rupiah derived from the words of rupee, the Indian currency unit. Indonesia has been using the Dutch Gulden currency from 1610 until 1817. After the year 1817, the currency was introduced Gulden Netherlands Indies. Rupiah currency was first introduced officially at the time of Japanese occupation during World War 2, with the name of the Dutch East Indies rupiah. After the end of the war, the Bank of Java (Javaans Bank, next to Bank Indonesia) introduced the Java rupiah as a replacement. NICA guilder currency made by the Allies and some printed currency guerrilla group also applies at the time. Since 2 November 1949, four years after independence, Indonesian Rupiah set as the currency of a new nationality. Riau Islands and West Irian rupiah has their own variations, but their use in 1964 was dissolved in 1974 in Riau and West Irian. Rupiah has units underneath. In the early days of independence, the rupiah in value compared with the Dutch East Indies guilders, which also used the units smaller force in the colonial period. Here are the units that was used but no longer used because the decline in the rupiah led to the unit's value is not important.
-sen, one hundredth dollars (no coins and fragments of five cents)
Asian economic crisis in 1998 caused the rupiah fell as much as 35% and brought the fall of the Suharto government.
Rupiah is the currency may be exchanged for free but lent to the penalty caused high inflation levels.
Units under the rupiah.
cepeng, hepeng, a quarter cents, from feng, used in the Tionghoa
- Dime, half-cent
- Lame, one-half cents
- Gobar or bruise, two and a half cents
- Dime / wince / stuivers (Bld.), five cents (there is a coin pieces)
- Picis, ten cents (there is a coin pieces)
- Rope, a quarter rupiah (25 cents, a coin denominations of 25 and 50 cents)

50 cents rupiah
There is also a unit of money, whose value is the third string.
Units on the rupiah
There are two units on the dollar right now is not used anymore. ringgit, two and a half dollars (no coins ever mess)
-Kupang, half ringgit


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