What Exchange Rate Regime Does Indonesia Use
The Indonesian rupiah is the official currency of Indonesia. It is subdivided into 100 sen, although coins have not been issued since the 1970s. The rupiah is issued by the Bank of Indonesia.
The Indonesian economy has historically been characterised by high inflation and currency instability. To address this, the Indonesian government has pursued a number of different exchange rate regimes over the years.
The first exchange rate regime was the fixed …