The Indonesian rupiah is the official currency in Indonesia. The term rupee is also used. The international ISO code is IDR, but the abbreviation Rp is often used.
History of the Indonesian currency
In the South Asian country, the rupiah has been the official national currency since December 1965. At that time the new rupiah was introduced for the value of 1,000 old rupiah. The Indonesian rupiah is freely convertible on the currency market, which means that it can be traded on the international currency market without restrictions.
The Indonesian rupiah is basically available as a banknote and a coin. There are banknotes worth 100 rupiah, 500 rupiah, 1,000 rupiah, 2,000 rupiah, 5,000 rupiah, 10,000 rupiah, 20,000 rupiah, 50,000 rupiah and 100,000 rupiah, whereby the 100 rupiah notes and the 500 rupiah notes are no longer in circulation are.
In 2004 new 20,000 rupiah notes and 100,000 rupiah notes were issued and since 2009 there are new 2,000 notes. Three years ago, new 10,000 rupiah notes with improved security features were also put into circulation.
Officially there are coins worth 25 rupiah, 50 rupiah, 100 rupiah, 200 rupiah, 500 rupiah and 1,000 rupiah. But here, too, the 25 rupiah coins and the 50 rupiah coins are de facto no longer in circulation.
For historical reasons, the Sen is still given as a subdivision in connection with the Indian rupiah. 1 rupiah corresponds to 100 sen, but this only has historical significance and is no longer divided in everyday life.
During the 1997 Asian economic crisis, the rupiah lost 75% of its value. However, the Indonesian economy is currently quite stable. However, like other currencies, the rupiah is subject to international exchange rates. The current rate of the rupiah against the euro can be determined using a currency calculator, which indicates the current exchange rate. The value of a certain euro amount in rupiah can also be determined in this way.
Exchange into Indonesian rupiah
A maximum of 50 million rupiah may be carried on entry and exit. In Indonesia, the euro is easily accepted in exchange offices. The rates at exchange offices can be cheaper than those at banks. However, you should check there that you have received the correct amount. At banks in Indonesia it is usually cheaper to withdraw money with an EC card than with a credit card. An exchange in Germany is only possible for larger notes and is usually more expensive.