The Indonesian currency is called the rupiah. It is divided into 100 sen, although coins are no longer in circulation. Banknotes are issued in denominations of 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupiah.
The rupiah has been in use since 1946, when it replaced the Dutch East Indies guilder. It was initially pegged to the US dollar, but since the Asian financial crisis of 1998, has been allowed to float freely.
The rupiah has been relatively stable against the US dollar in recent years, but it has been affected by the global financial crisis. In January 2009, it was worth around US$0.004, but by October had fallen to around US$0.0025. As of January 2017, it was worth around US$0.0027.
Contents
What is Indonesian currency called?
The Indonesian currency is called the Rupiah. It is divided into 100 sen, although coins are no longer in circulation. Banknotes come in denominations of 1000, 2000, 5000, 10,000, 20,000 and 50,000 rupiah.
How much is $1 US in Indonesia?
The Indonesian rupiah is the official currency of Indonesia, and is subdivided into 100 sen. The rupiah is issued by the Bank of Indonesia. As of September 2018, there are approximately 127.5 rupiah to one US dollar.
The value of the rupiah has been historically tied to the value of the Indonesian economy. Indonesia is a large and populous country, with a GDP of over $1 trillion. The Indonesian economy has grown rapidly in recent years, and the rupiah has been relatively stable.
There are a number of ways to exchange money in Indonesia, including banks, money changers, and ATMs. The Bank of Indonesia also has a number of branches throughout the country. It is generally easy to find places to exchange money, and most tourist destinations will have at least one money changer.
It is important to be aware of the current exchange rate when travelling to Indonesia, as the cost of goods and services can vary significantly depending on the exchange rate. For example, a cup of coffee in a tourist area may cost around Rp 15,000 (US$1.15), while a meal in a more expensive restaurant could cost upwards of Rp 200,000 (US$15.50).
Do Indonesia use dollars?
Do Indonesia use dollars?
This is a question that doesn’t have a straightforward answer. Officially, Indonesia uses the rupiah, but many transactions in Indonesia are carried out in US dollars.
For tourists, it’s important to be aware of which currency is being used in each situation. If you’re travelling to Indonesia, it’s best to have some rupiah on hand for small transactions, and to keep some US dollars in reserve for larger purchases.
It’s also important to be aware of the exchange rate, as the value of the rupiah can fluctuate quite a bit. At the time of writing, one US dollar was worth approximately 13,500 rupiah.
The use of US dollars in Indonesia is largely due to the fact that the Indonesian economy is still developing. Many businesses and individuals prefer to use dollars as it is seen as a more stable currency.
While the use of dollars is more common in big cities, it’s becoming more and more widespread throughout the country. In some areas, especially in rural areas, the use of rupiah is more prevalent.
So, while the answer to the question “Do Indonesia use dollars?” is yes, it’s important to be aware of the currency situation in each individual area.
What is the best currency to use in Indonesia?
The best currency to use in Indonesia is the rupiah. The rupiah is the official currency of Indonesia and is accepted in most places throughout the country. It is a fairly stable currency and has been for many years. There are also a number of ATMs and banks throughout Indonesia where you can exchange foreign currency for rupiah.
Is Euro accepted in Indonesia?
Is Euro accepted in Indonesia?
The short answer is yes. The Indonesian rupiahs are the most commonly used currency in Indonesia, but Euros are also accepted in some places.
The Indonesian rupiah is the official currency of Indonesia. It is divided into 100 sen, and there are banknotes in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 rupiah, and coins in denominations of 1, 5, 10, 20, 50, 100, and 500 rupiah.
Euros are accepted in some places in Indonesia, but not everywhere. For example, Euros may be accepted in hotels, restaurants, or shops that cater to tourists, but may not be accepted in local markets or stores. It is always best to check with the individual business establishment to see if they accept Euros before attempting to pay with them.
Generally, the exchange rate between the Indonesian rupiah and the Euro is about 13,500 rupiah to 1 Euro. So, if you have 100 Euros, you would receive approximately 1,350,000 rupiah.
Is Indonesia a cheap country?
Is Indonesia a cheap country to visit? This is a question that is often asked by tourists who are looking to save money on their holiday. In this article, we will take a look at whether or not Indonesia is a cheap country to visit and what you can expect to pay for various things.
Indonesia is a large country that is made up of more than 17,000 islands. It is located in Southeast Asia and is bordered by the Pacific Ocean, the Indian Ocean, and Malaysia. Because of its size, the cost of travelling around Indonesia can vary greatly depending on where you are located.
Generally speaking, however, Indonesia is a fairly cheap country to visit. You can expect to pay relatively low prices for food, accommodation, and transport.
One of the best ways to save money when travelling in Indonesia is to cook your own food. There are many affordable restaurants and street stalls where you can buy food, and cooking your own meals is a great way to save money.
Accommodation is also very affordable in Indonesia. You can find a decent room in a budget hotel for as little as $10 per night, and there are also plenty of hostels and homestays available where you can stay for even less.
Transport is also relatively cheap in Indonesia. Local buses and trains are affordable, and taxis are also cheap compared to other countries in the region.
So, is Indonesia a cheap country to visit? Overall, we would say yes. There are some areas where you can save even more money by cooking your own food and staying in budget accommodation, but overall, Indonesia is a very affordable destination.
Why is Indonesia money so big?
Why is Indonesia money so big?
Indonesia’s currency, the rupiah, is significantly stronger than the Philippine peso and Malaysian ringgit. At the time of writing, 1 USD was worth 13,420.00 IDR, 3.62 PHP, and 4.09 MYR. This disparity in value has led to many questions about why Indonesia’s money is so big.
There are a few reasons for this discrepancy. First, Indonesia has a much larger population than the Philippines and Malaysia. With a population of over 260 million, Indonesia is the fourth most populous country in the world. This large population means that there is more demand for goods and services, which drives up the value of the currency.
Second, Indonesia is a much more developed country than the Philippines and Malaysia. The country’s GDP per capita is over $10,000, compared to $2,600 in the Philippines and $9,900 in Malaysia. This higher level of development means that there is more money available to purchase goods and services, which drives up the value of the currency.
Finally, Indonesia has a more stable economy than the Philippines and Malaysia. The country’s inflation rate is relatively low, and its public debt is manageable. This stability means that investors are more likely to invest in Indonesia, which drives up the value of the currency.
Overall, there are a number of factors that contribute to the strong value of the rupiah. Indonesia is a populous, developed, and stable country, which all contributes to the strength of its currency.