Indonesian Rupiah

About The Indonesian Rupiah: The Legal Tender of Indonesia

Quick Facts About the Indonesian Rupiah Notes

Country of Origin	Indonesia
Symbol	Rp
Currency Code	IDR
Nick Names
Minor units	Sen
Denominations (Banknotes)	Rp1,000, Rp2,000, Rp5,000, Rp10,000, Rp20,000, Rp50,000 and Rp100,000
Motto
Identification Feature	The Rp100,000 note features the image of Sukarno and Mohammad Hatta on the obverse side.
Issuing Bank	Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
In Circulation Since	October 3, 1946
INR Exchange Rate	0.0061 🔄

The rupiah is the legal tender of the picturesque city of Indonesia. It is the responsibility of Central Bank of Indonesia to issue and manage the currency. The name "rupiah" can be traced back to the Sanskrit word "rupyakam," which translates to "silver." The Indonesian rupiah is abbreviated as IDR. After the war in 1945, Indonesia made a formal proclamation of its independence from the Netherlands. The Rupiah was selected to serve as Indonesia's primary currency in 1946. The indonesian rupiah symbol is Rp.

The following denominations of IDR banknotes are currently in circulation: one thousand, two thousand, five thousand, ten thousand, fifty thousand, and one hundred thousand. There are coins with denominations of fifty, one hundred, two hundred, five hundred, and one thousand IDR that can be purchased.

The current rate of Indonesian rupiah is INR (0.0061 🔄) . You can keep an eye on the live Indonesian rupiah value.

History of the Indonesian Rupiah

The Indonesian rupiah was one of the numerous currencies that were in circulation when it was first presented to the public in October of 1946. A number of other currencies, including the Japanese yen, the gulden of the Netherlands Indies, and others, were utilised. The Indonesian rupiah (IDR) steadily superseded all other currencies after the country earned its independence from the Dutch in 1950, and by 1951, it was the only currency that could be used as legal tender.

Following the Dutch government's formal acknowledgement of the nation's independence in 1950, the federal government assumed full responsibility and immediately began enacting reforms to the monetary system the following year. Rupiah was made the only legal currency, and other currencies could only be exchanged for it at rates that were typically unfavourable to the owners of those currencies.

Countries Accepting the Indonesian Rupiah

Amount in the Indonesian Rupiah You Should Carry for Your Trip

Budgeting for a trip is notoriously difficult since there are so many aspects to it, including where you want to go, how you want to stay, and what you want to buy. An international visitor spends close to Rp2,50,000 per day if they are on a shoestring trip. If you want to indulge in things like private transportation, dinners at high-end restaurants and top-class hotels, your daily budget may easily reach over Rp22,00,000. A memorable vacation for two might easily cost Rp44,00,000.

The average price of a hotel room in Indonesia ranges from around Rp1,40,000 to Rp15,00,000 for a single night's stay per person. Depending on whether you walk, take the bus, or hail a cab, your daily transportation costs might be as little as Rp35,00,000 or as high as Rp3,15,000.