Rupiah

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Rupiah

 

the monetary unit of Indonesia. It was introduced as legal tender in February 1950. The rupiah is divided into 100 sen. According to the exchange rate set on Jan. 1, 1975, by the Gosbank (State Bank) of the USSR, 1,000 Indonesian rupiahs equaled 1.80 rubles.

References in periodicals archive ?
The NDF market for the Indonesian rupiah began on Feb 19, 2001 with a $1 million trade in a six-month dollar-rupiah contract.
offer, the purchase price for ADSs was converted from Indonesian Rupiah to U.
dollars, Indonesian rupiah, Singapore dollars and Malaysian ringgit,'' he said.
Note: Indonesian rupiah quotations are not official following the central bank's announcement on tightening foreign exchange trading on Jan.
At the same time, the Indonesian rupiah, which went from 2,500 to the dollar in early 1997 to about 17,500 in 1998, is projected to remain stable at between 6,000 and 7,000 to the dollar, according to the Central Bank.
The Indonesian rupiah, 1999's top-performing currency, may have a tough time edging higher as some of the region's least-experienced leaders tackle some of its worst social and economic problems.
Therefore, the devaluations of the Thai baht, the Indonesian rupiah and the Malaysian ringgit had an immediate and direct mechanical effect on the prices expressed in these local currencies.
Unconfirmed reports said foreign companies were planning to evacuate employees and dependents, while the embattled Indonesian rupiah dropped about 15 per cent in value.
It is clear, for example, that neither changes in the relative purchasing power of the Indonesian rupiah relative to the U.
BV and Indonesian rupiah notes through Bakrie Brothers.
Stepping backward and reverting to my Westernized custom, I pulled some Indonesian rupiah from my pocket and pushed them into reluctant hands.
HONG KONG -- The Indonesian rupiah and Malaysian ringgit led an emerging market currency surge against the dollar in Asia Thursday, while stock markets also rallied after more weak US data fuelled hopes the Federal Reserve will delay an interest rate hike.

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