Currency Information on Indonesian Rupiah
Currency Information on Indonesian Rupiah - IDR — Indonesian rupiah – Rp
Derived from the Hindustani word ‘rupiyaa’, the rupiah has been in circulation since 1950, although it existed before this, it held no international recognition and it’s value was determined by the black market.
The word ‘perak’ is also used in Indonesia, to informally refer to money. ‘Perak’ means ‘silver’. Although the rupiah is divided into 100 sen, the currencies’ inflation and a lack of buying power has meant that the coins and banknotes formerly available in denominations of sen are obsolete.
100, 200, 500 and 1,000 rupiah coins are available and used frequently, whilst 25 and 50 rupiah coins are available but not used. Banknotes in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupiah are currently in circulation.