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Indonesian rupiah
The rupiah (symbol: Rp; currency code: IDR) 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 ('silver' in Indonesian) in referring to rupiah in coins. The rupiah is divided into 100 cents (Indonesian: sen), although high inflation has rendered all coins and banknotes denominated in cents obsolete.
The rupiah was introduced in 1946 by Indonesian nationalists fighting for independence. It replaced the Japanese-issued version of the Netherlands Indies gulden which had been introduced during the Japanese occupation in World War II. In its early years, the rupiah was used in conjunction with other currencies, including a new version of the gulden introduced by the Dutch. The Riau Islands and the Indonesian half of New Guinea (Irian Barat) had their own variants of the rupiah, but these were subsumed into the national rupiah in 1964 and 1971, respectively (see Riau rupiah and West Irian rupiah).
A long-running proposal to redenominate the rupiah has yet to receive formal legislative consideration. Since 2010, Bank Indonesia, as the monetary authority of Indonesia, has repeatedly urged the elimination of the final three zeroes of the currency to facilitate transaction handling, saying the move would not affect its value and significance. In 2015, the government submitted a rupiah redenomination bill to the House of Representatives, but it has not yet been deliberated. In 2017, Bank Indonesia Governor Agus Martowardojo reiterated the call, saying that if redenomination were to start immediately, the process could be complete within a span of seven to eight years. In November 2025, Bank Indonesia is adding a redenomination proposal into its strategic plan and a draft law on based on its recommendation was proposed by the government, with finalization being slated for 2027.
The current rupiah consists of coins from Rp50 up to Rp1,000 and banknotes of Rp1,000 up to Rp100,000. Although Rp0.01 banknotes and Rp1 coins remain legal tender, they are no longer found in circulation and are valued above face value by collectors. With US $1 worth Rp16,614.000, as of 31 October 2025, the largest Indonesian banknote, worth Rp100,000 is worth about US $6.02.
Presently, two series of coins are circulating: aluminum, and nickel coins dated between 1999, 2003, and 2010, and a new series of coins featuring Indonesia's national heroes were issued in 2016. These come in denominations of Rp100, Rp200, Rp500, and Rp1,000. Coins in circulation are mostly Rp500 and Rp1,000, whereas the smaller-denominated coins (Rp100 and Rp200) are rarely used, except in shops whose pricing requires them.
Currently circulating Indonesian banknotes date from 2000 (Rp1,000), 2001 (Rp5,000), 2004 (Rp20,000 and Rp100,000), 2005 (Rp10,000 and Rp50,000), 2009 (the new denomination of Rp2.000), 2010 (revised version of the Rp10,000), 2011 (revised versions of the Rp20,000, Rp50,000 and Rp100,000) and 2020 (the commemorative Rp75,000 denomination issued 2020). Notes issued in 1998–1999 ceased to be legal tender since 31 December 2008 and were exchangeable until 30 December 2018 at Bank Indonesia. Earlier notes are also no longer legal tender, due to the lack of security features and association with the Suharto regime (especially 1993 and 1995 note of the 50,000 rupiah), but could be exchanged in Bank Indonesia offices until 20 August 2010.
As the smallest current note is worth approximately US$0.067, even small transactions such as bus fares are typically conducted with notes and the Rp1,000 coin is far more common than the Rp1,000 note. The government initially announced that this would change, with a Rp2,000 note to replace the Rp1,000, with that denomination fully replaced by the equivalent coin. After a long delay, this proposal was revised so that the Rp2,000 banknotes were launched by Bank Indonesia (BI) on 9 July 2009, with the banknotes circulating as legal tender from 10 July 2009, but without withdrawing the 1,000-rupiah note.
Following the issuance of Presidential Decree No. 31 of 5 September 2016, BI introduced seven new banknote designs featuring national heroes:
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Indonesian rupiah
The rupiah (symbol: Rp; currency code: IDR) 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 ('silver' in Indonesian) in referring to rupiah in coins. The rupiah is divided into 100 cents (Indonesian: sen), although high inflation has rendered all coins and banknotes denominated in cents obsolete.
The rupiah was introduced in 1946 by Indonesian nationalists fighting for independence. It replaced the Japanese-issued version of the Netherlands Indies gulden which had been introduced during the Japanese occupation in World War II. In its early years, the rupiah was used in conjunction with other currencies, including a new version of the gulden introduced by the Dutch. The Riau Islands and the Indonesian half of New Guinea (Irian Barat) had their own variants of the rupiah, but these were subsumed into the national rupiah in 1964 and 1971, respectively (see Riau rupiah and West Irian rupiah).
A long-running proposal to redenominate the rupiah has yet to receive formal legislative consideration. Since 2010, Bank Indonesia, as the monetary authority of Indonesia, has repeatedly urged the elimination of the final three zeroes of the currency to facilitate transaction handling, saying the move would not affect its value and significance. In 2015, the government submitted a rupiah redenomination bill to the House of Representatives, but it has not yet been deliberated. In 2017, Bank Indonesia Governor Agus Martowardojo reiterated the call, saying that if redenomination were to start immediately, the process could be complete within a span of seven to eight years. In November 2025, Bank Indonesia is adding a redenomination proposal into its strategic plan and a draft law on based on its recommendation was proposed by the government, with finalization being slated for 2027.
The current rupiah consists of coins from Rp50 up to Rp1,000 and banknotes of Rp1,000 up to Rp100,000. Although Rp0.01 banknotes and Rp1 coins remain legal tender, they are no longer found in circulation and are valued above face value by collectors. With US $1 worth Rp16,614.000, as of 31 October 2025, the largest Indonesian banknote, worth Rp100,000 is worth about US $6.02.
Presently, two series of coins are circulating: aluminum, and nickel coins dated between 1999, 2003, and 2010, and a new series of coins featuring Indonesia's national heroes were issued in 2016. These come in denominations of Rp100, Rp200, Rp500, and Rp1,000. Coins in circulation are mostly Rp500 and Rp1,000, whereas the smaller-denominated coins (Rp100 and Rp200) are rarely used, except in shops whose pricing requires them.
Currently circulating Indonesian banknotes date from 2000 (Rp1,000), 2001 (Rp5,000), 2004 (Rp20,000 and Rp100,000), 2005 (Rp10,000 and Rp50,000), 2009 (the new denomination of Rp2.000), 2010 (revised version of the Rp10,000), 2011 (revised versions of the Rp20,000, Rp50,000 and Rp100,000) and 2020 (the commemorative Rp75,000 denomination issued 2020). Notes issued in 1998–1999 ceased to be legal tender since 31 December 2008 and were exchangeable until 30 December 2018 at Bank Indonesia. Earlier notes are also no longer legal tender, due to the lack of security features and association with the Suharto regime (especially 1993 and 1995 note of the 50,000 rupiah), but could be exchanged in Bank Indonesia offices until 20 August 2010.
As the smallest current note is worth approximately US$0.067, even small transactions such as bus fares are typically conducted with notes and the Rp1,000 coin is far more common than the Rp1,000 note. The government initially announced that this would change, with a Rp2,000 note to replace the Rp1,000, with that denomination fully replaced by the equivalent coin. After a long delay, this proposal was revised so that the Rp2,000 banknotes were launched by Bank Indonesia (BI) on 9 July 2009, with the banknotes circulating as legal tender from 10 July 2009, but without withdrawing the 1,000-rupiah note.
Following the issuance of Presidential Decree No. 31 of 5 September 2016, BI introduced seven new banknote designs featuring national heroes: