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Rupiah
Topic EconomicThe rupiah is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam (रूप्यकम्). Sometimes, Indonesians also informally use the word perak in referring to rupiah in coins. The rupiah is divided into 100 cents, although high inflation has rendered all coins and banknotes denominated in cents obsolete.
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Indonesia’s rupiah rebounds but rate rises threaten middle class
Slumping rupiah makes Indonesia irresistible for Malaysian tourists, shoppers
Indonesia’s rupiah falls to record low against US dollar
Indonesia loses Southeast Asia’s largest stock market crown to Singapore
