Rupiah


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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Concerns remain about India's rupee, which fell to a record low of 68.845 per dollar in August, and the rupiah, he said.
The rupiah, one of Asia's worst performing currencies in the past year, was already under pressure owing to concern about Indonesia's widening current account deficit, largely blamed on huge fuel subsidies.
I'll buy you a beer for 100 rupiah, and one for my government.
"The threat to the economy is still on the exchange rate of the rupiah, partly due to a weak current account," said Eric Alexander Sugandi, economist in Jakarta for Standard Chartered.
The shares were priced at a discount of 6 percent to Wednesday's close, after having been marketed in a range of 6,100 to 6,300 rupiah each.
Foreigns have bought a record amount of Indonesian bonds this year, drawn by the country's robust economic growth, hopes of a credit upgrade and expectations that its rupiah currency will continue to appreciate.
Hundreds of advertisements have appeared on Indonesian personal advertising websites offering kidneys for as little as 50 million rupiah ($5,300) each.
International Resource News-26 November 2009-Perusahaan Listrik Negara plans dollar and rupiah 2010 bond issues(C)2009 ENPublishing - http://www.enpublishing.co.uk
''The government decided to lower the price of premium gasoline by 500 rupiah (about $0.05) from 6,000 rupiah per liter to 5,500 rupiah per liter,'' Finance Minister Sri Mulyani Indrawati told a news conference following a Cabinet meeting.
A business-man sparked a scramble for cash when he dropped 100 million rupiah ($10,700) in banknotes from an aircraft yesterday to promote a book he has written.
The Indonesian government is setting aside a fund of 13 trillion rupiah ($1.4 billion) and nearly 500,000 hectares of land for the development of the country's fledgling biofuel industry.