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IDR (Indonesian Rupiah)

IDR (Indonesian Rupiah)

What is 'IDR'

The currency abbreviation or the currency symbol for the Indonesian Rupiah (IDR). The Rupiah is made up of 100 sen, and is often presented with the symbol (Rp). The Rupiah derives its name from its sister currency the Indian Rupee. The Riau Islands and the Indonesian half of New Guinea both had their own versions of the Rupiah at one time, but both have been absorbed by the Indonesian currency.

Explaining 'IDR'

The Indonesian Rupiah was first seen in October of 1946 and substantially revised in 1950, when it received international recognition and replaced all former Dutch, Javanese and Japanese currencies being used. It underwent a 1000 to 1 reversion in 1965, but continued to lose value over the years. Its devaluation played a substantial role in the overthrow of the Suharto regime in 1998.


Idr (indonesian Rupiah) FAQ

Why is Indonesian rupiah so weak?

The Indonesian rupiah is the worst-performing Asian currency this year — and that's because the government decided to have the central bank partly fund its expanding budget deficit.

What is the highest currency in Indonesia?

The highest currency in Indonesia is rupiah.

What can you buy with 1000 Indonesian Rupiah?

1000 IDR can buy one of the items listed below: A sachet of instant coffee (without the hot water). A few candies like Kopiko. A lollipop. A box of matches. A small packet of chips or wafers. You can park your car for about 30 minutes in a mall. One piece of Gorengan (a fried snack).

Is Indian rupee accepted in Indonesia?

Indonesian Rupiahs can't be converted in India and vice versa[The Currency Exchange at Hyderabad Airport and CGK Airport said this.]

Why is there Ganesha on Indonesian currency?

Parts of Indonesia used to be under the Chola dynasty when a slew of temples was constructed there. Lord Ganesha's status as the god of wisdom, art and science could be why he was featured on the currency note. Indonesians are familiar with the Mahabharata and Ramayana.

What can 1 USD buy in Indonesia?

A dollar can buy the following in Indonesia: 1 load of laundry (about 3.5 kg) 1 creamy avocado shake. 2 km taxi ride. 4 liters (1 gal.) of drinking water. 1 pre-cut pineapple on touristy Seminyak beach, Bali. 1 hour of Internet access. 1 vegetarian meal in a typical warung. 2 liters of gasoline.

Further Reading

Modeling of stochastic volatility to validate IDR anchor currencyModeling of stochastic volatility to validate IDR anchor currency
search.informit.com.au [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …

Modeling Dynamic Causalities between the Indonesian Rupiah and Forex Markets of ASEAN, Japan and Europe.Modeling Dynamic Causalities between the Indonesian Rupiah and Forex Markets of ASEAN, Japan and Europe.
go.gale.com [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …

Short-run determinants of the IDR/USD exchange rate: a simultaneous-equation modelShort-run determinants of the IDR/USD exchange rate: a simultaneous-equation model
www.degruyter.com [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …

Economic analysis of tiger grouper Economic analysis of tiger grouper
link.springer.com [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …

Volatility modeling for IDR exchange rate through APARCH model with student-Volatility modeling for IDR exchange rate through APARCH model with student-
aip.scitation.org [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …

The effect of gold price changes, USD/IDR exchange rate changes and Bank Indonesia (BI) rate on Jakarta Composite Index (JCI)'s return and Jakarta Islamic Index …The effect of gold price changes, USD/IDR exchange rate changes and Bank Indonesia (BI) rate on Jakarta Composite Index (JCI)'s return and Jakarta Islamic Index …
jurnalmanajemen.petra.ac.id [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …

Strengthening national economic growth and equitable income through sharia digital economy in IndonesiaStrengthening national economic growth and equitable income through sharia digital economy in Indonesia
bisnis.webtuju.com [PDF]
… the performance of the SV models have not yet been made for the Indonesian foreign currency … Mandiri, stated that the foreign exchange mar- ket for Indonesia's transactions equals USD 2 billion to … lar, this study uses daily data of nine foreign currencies to the IDR, including the …


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