Pasar Forex is hosted by the Wikimedia Foundation, a non-profit organization that also hosts a range of other projects. The sub-unit sen is no longer in practical use.
Issued and controlled by the Bank of Indonesia, the ISO 4217 currency code for the Indonesian rupiah is IDR. The rupiah is subdivided into 100 sen, although inflation has rendered all coins and banknotes denominated in sen obsolete. 1000 rupiah up to 100,000 rupiah. There are presently two series of coins in circulation: aluminium, bronze and nickel coins dated between 1991 and 2010. These come in denominations of 50, 100, 200, 500, and 1000 rupiah. The older series of coins has been gradually disappearing.
Rupiah banknotes usually feature Indonesian National Heroes. 08, even small transactions such as bus fares are typically conducted with notes, and the 1,000-rupiah coin is far more common than the 1,000-rupiah note. The government initially announced that this would change, with a 2,000-rupiah note to replace the 1,000-rupiah, with that denomination replaced by a coin. Following the issuance of Presidential Decree No. The basic materials of the banknotes are long fibres from any kind of wood, or a mix of different types of wood. However, the preferable material is abacá fibre, which is naturally plentiful in Indonesia and is believed to increase the durability of the banknotes. The minimum security features visible to the naked eye are watermarks, electrotypes and security threads with colour fibres.
Extra features may be included, such as holograms, Irisafe, iridescent stripes, clear windows, metameric windows and gold patches. Security threads are inserted into the note so that horizontal and vertical lines are shown from top to bottom. The threads can be varied in the materials, size, colour and design. Intaglio printing is used for the denomination numbers in the banknote, to help blind people recognise genuine notes and their denomination.
The 10,000-rupiah note of 2010 and the 20,000-, 50,000- and 100,000-rupiah notes of 2011 introduced several new security features: use of EURion constellation rings, rainbow printing designed to change colour when viewed from different angles, and tactile features for blind people and those with visual difficulties to recognise the different denominations of the notes. During colonial times, the currency used in what is now Indonesia was the Netherlands Indies gulden. Various attempts have been made to maintain the value of the currency, but all were abandoned. In the period from October 1946 to March 1950 Indonesian currency had no international recognition. Its value was determined on the black market. The exchange rate determined upon independence in 1949 was 3.
By the trade-in certificates an export rate of Rp 7. 6 and an import rate of Rp 11. The FECS was scrapped on 4 January 1952, by which time the government had been able to reduce its deficit by 5. 3 billion rupiah through the exchange differential. The system was scrapped because domestic prices were being determined by the import rate, which were hurting profits from exports earned at the lower rate. 4 exchange rate reverted to Rp 3.
The ending of what amounted to an export tariff severely damaged government revenues, and as of 4 February 1952, the rupiah was officially devalued to Rp 11. To control foreign exchange, the government brought in a number of measures. April 1952, while as from September 1952 the government decided to provide only a limited amount of foreign exchange, made available every four months. 4 rate, which massively overvalued the rupiah, was a major incentive to black market traders, and also contributed to anti-Java feeling, given that those producing raw materials on the large material-rich outer islands were not receiving fair value from their goods due to the exchange rate, diverting funds to the government in Java. Rp 49 at the end of 1957, and Rp 90 by the end of 1958. This effectively created a freely floating rupiah.