Table of Contents
What can you buy with 100000 Indonesian rupiah?
Rp 100,000 This is the country’s biggest banknote, but if you want to rent a car for the day or book a simple hotel, you’d still need a couple of these. 100,000 alone can get you a nice meal in a nice restaurant, and probably be enough for a night at a simple hostel.
What is the highest note in Indonesia?
| Indonesian rupiah | |
|---|---|
| Banknotes | |
| Freq. used | Rp2,000, Rp5,000, Rp10,000, Rp20,000, Rp50,000, Rp100,000 |
| Rarely used | Rp1,000, Rp75,000 (commemorative) |
| Coins |
Why is IDR a restricted currency?
IDR is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Indonesia. Besides this limitation, this currency is considered to be complex (multiple information to be provided and complex processing).
What is the IDR currency code for Indonesia?
Issued and controlled by Bank Indonesia, the ISO 4217 currency code for the Indonesian rupiah is IDR. The name “rupiah” is derived from the Sanskrit word for silver, rupyakam (रूप्यकम्).
Why is the Indonesian currency 14 times weaker than US dollars?
Indonesian currency Rp. (Rupiah) has three useless zeros at the end. What you see as 10,000 rupiah is actually 10 rupiah. 1 US dollar is equals to 14,000 Rupiah which is actually 14 Rupiah. That makes Indonesian currency 14 times weaker than US dollars.
How much is the largest Indonesian banknote worth?
With US$ 1 worth 14,300 rupiah (10 May 2021, 17.00 UTC), the largest Indonesian banknote is, therefore, worth about US$6.90.
Why is the Indonesian Rupiah (IDR) so low?
The main reason why the Indonesian Rupiah (IDR) is so low is due to some economic crisis and high inflation period that Indonesia had in the past. Yes, we can always focus on how to convert the value so that we can eliminate 3 digits from its denomination, but it comes with some risks. Or, we