Indonesian Rupiah

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Indonesian Rupiah

The currency of Indonesia. It was first issued in the 1940s during and immediately after World War II. It circulated alongside a specially minted Dutch currency until Indonesia's independence was recognized in 1949. It is a weak currency.
References in periodicals archive ?
The Indonesian currency rupiah has also come under increasing pressure due to the country's big current account deficit and rising private sector debt.
The Indonesian currency is the best performing from a selection of Asian peers so far this year, up 5 percent.
The Indonesian currency dropped about 26 percent against the US dollar last year on concerns about the widening current account deficit in Southeast Asia's largest economy and the tapering of the Federal Reserve stimulus.
The Indonesian currency, the rupiah, which lost strength in the near past mainly due to the outflow of foreign funds from the nation's investable securities following taper talks, began to depreciate further with higher-than-expected inflation in the second quarter of 2013.
So it imposed new rules in January 2001 banning the transfer of rupiah to non-Indonesian residents, making it harder for dealers in Singapore to trade the Indonesian currency.
Net profit during the period was adversely impacted by movement in the Indonesian currency," Qtel said in an emailed statement.
The central bank will cooperate with the military especially the navy to increase the use of the Indonesian currency rupiah in frontier areas, BI Deputy governor Ronald Waas said.
But the bourse was closed in Indonesia, Singapore and Malaysia due to the Muslim holidays and as of Thursday the Indonesian currency was still the best performer in the region with Indonesian exporters of coal and palm oil worried the rising rupiah could hit export earnings.
He said the Indonesian authorities had been raising interest rates, but they needed to understand a tighter monetary policy should aim at reducing liquidity, which will help the Indonesian currency.
The clashes sent the Indonesian currency into a sharp dive on fears of renewed anarchy.
The food shops thrive - in marked contrast to Bali's banks, two of which along Kuta's main drag have had to close their prestigious glass and steel doors following the catastrophic downslide of the Indonesian currency, the rupiah.
The Indonesian currency has sunk to a quarter of its former value.

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