The currency used in Indonesia is the rupiah. The rupiah is subdivided into 100 sen, although coins in circulation are in denominations of 1, 5, 10, 25, 50 and 100 sen, and banknotes are in denominations of 200, 500, 1,000, 2,000, 5,000 and 10,000 rupiah.
The rupiah is not tied to any other currency, and its value fluctuates in response to global economic conditions. In December 2016, the exchange rate was approximately USD$1 = IDR13,000.
The rupiah is the only currency that can be used in Indonesia, and it is not possible to use any other currency. There are a number of foreign currencies that are commonly traded in Indonesia, including the US dollar, the Australian dollar and the Malaysian ringgit.
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How much is $1 US in Indonesia?
How much is 1 US in Indonesia?
The answer to this question depends on the exchange rate between the US dollar and Indonesian rupiah. As of July 2017, the exchange rate is approximately 13,600 rupiah to 1 US dollar. This means that 1 US dollar is worth approximately 13,600 Indonesian rupiah.
What is the best currency to use in Indonesia?
There are a few factors to consider when deciding which currency to use in Indonesia. The most important thing to consider is whether the currency is widely accepted in the country. The Indonesian rupiah is the most widely accepted currency in the country, so it is the best option for most travelers.
Another thing to consider is the exchange rate. The rupiah is not currently as strong as other currencies, so you may get a better deal on your money if you use a different currency. However, it is important to keep in mind that the exchange rate can change rapidly, so it is always a good idea to check the latest exchange rates before you travel.
Finally, you will also need to consider how easily you can access your money while you are in Indonesia. The rupiah is available at most banks and currency exchange kiosks in the country, so it is easy to get your hands on. Other currencies may be harder to find, so you may need to do some research before you travel to find the best places to exchange your money.
Do Indonesia use dollars?
Do Indonesia use dollars?
The short answer to this question is yes, Indonesia does use dollars as its official currency. The long answer is a bit more complicated.
Since the late 1990s, the Indonesian rupiah has been pegged to the U.S. dollar. This means that the value of the rupiah is fixed at a certain exchange rate, and it can only fluctuate within a certain range. This peg was introduced to help stabilize the Indonesian economy, and it has been relatively successful in doing so.
However, there have been some bumps in the road. In 1998, for example, the Asian financial crisis caused the rupiah to plummet in value. This led to a lot of economic instability and hardship for the Indonesian people.
Since then, the Indonesian government has been working to loosen the peg and allow the rupiah to fluctuate more freely. This has been a bit of a challenge, as the rupiah is still quite closely tied to the dollar. However, there has been some progress made in this area, and the Indonesian economy is starting to become more resilient to fluctuations in the global market.
So, to answer the question, yes, Indonesia does use dollars as its official currency. However, this is not necessarily set in stone, and the Indonesian government is working to gradually break away from the dollar peg.
What is the main currency of Indonesia?
The main currency of Indonesia is the rupiah. The currency is issued and regulated by the Bank of Indonesia, the country’s central bank. The rupiah has been in use since December 1945, shortly after Indonesia’s independence.
The rupiah is subdivided into 100 sen, although coins in circulation are only worth up to 25 sen. Banknotes are issued in denominations of 2, 5, 10, 20, 50, 100, 500, and 1,000 rupiah.
The rupiah is not freely convertible, meaning that its value is regulated by the government. The exchange rate is set by the Bank of Indonesia, and it is usually adjusted according to the country’s economic conditions.
There are a number of foreign currencies which are also accepted in Indonesia. These include the US dollar, the Australian dollar, the Japanese yen, the Singapore dollar, and the Malaysian ringgit.
How much is a meal in Indonesia?
When you’re in Indonesia, there’s no need to worry about where to find your next meal. The country is teeming with delicious food options, from street stalls to high-end restaurants. But how much do these meals cost?
Actually, meals in Indonesia are pretty affordable. You can usually get a good-sized meal for between IDR 20,000 and IDR 100,000 (US$1.50 to US$7.50), depending on where you eat. Of course, if you want to splurge on a nicer restaurant, you can easily spend more than that. But for the most part, eating out in Indonesia is a budget-friendly option.
There are a wide variety of dishes to choose from in Indonesia, so you’re sure to find something to your taste. Popular options include nasi goreng (fried rice), mie goreng (fried noodles), bakmi goreng (fried noodles with chicken), ayam bakar (grilled chicken), and iga penyet (fried beef ribs). You can also find Western dishes like pizza and burgers, as well as local delicacies like satay (skewered meat) and rendang (a spicy meat dish).
So if you’re planning a trip to Indonesia, be sure to budget for some tasty meals! With such good food at such a low cost, you’ll be able to enjoy your time in this amazing country even more.
Is Indonesia a poor or rich country?
Indonesia is a complex country with a mix of rich and poor areas. The official poverty line in Indonesia is set at $1.25 a day, but this measure is considered to be too low and does not reflect the real cost of living.
There is a lot of wealth in Indonesia, with an estimated 10% of the population controlling around 70% of the country’s wealth. However, there is also a lot of poverty, with over 100 million people living on less than $2 a day.
The main reason for poverty in Indonesia is a lack of jobs. Around 40% of the population is employed in the agricultural sector, but this is a low-income sector and jobs are often insecure. The industrial and services sectors are growing, but they are not creating enough jobs to meet the demand.
Other factors that contribute to poverty include a lack of education, health care and infrastructure. Many people living in poverty are also located in remote areas, which makes it difficult for them to access essential services.
Despite its challenges, Indonesia is making progress in reducing poverty. In the past decade, the number of people living in poverty has been reduced by more than 20 million. The government has also made commitments to halve poverty by 2019.
Is Indonesia a poor or rich country?
Indonesia is a complex country with a mix of rich and poor areas. The official poverty line in Indonesia is set at $1.25 a day, but this measure is considered to be too low and does not reflect the real cost of living.
There is a lot of wealth in Indonesia, with an estimated 10% of the population controlling around 70% of the country’s wealth. However, there is also a lot of poverty, with over 100 million people living on less than $2 a day.
The main reason for poverty in Indonesia is a lack of jobs. Around 40% of the population is employed in the agricultural sector, but this is a low-income sector and jobs are often insecure. The industrial and services sectors are growing, but they are not creating enough jobs to meet the demand.
Other factors that contribute to poverty include a lack of education, health care and infrastructure. Many people living in poverty are also located in remote areas, which makes it difficult for them to access essential services.
Despite its challenges, Indonesia is making progress in reducing poverty. In the past decade, the number of people living in poverty has been reduced by more than 20 million. The government has also made commitments to halve poverty by 2019.
What is the best way to pay in Bali?
When traveling to Bali, you will need to decide how you want to pay for your expenses. There are a few different options, and each one has its own advantages and disadvantages.
The most common way to pay for things in Bali is by using cash. This is the option that most people are familiar with, and it is generally the cheapest way to pay for things. However, you will need to make sure that you have enough cash on hand, as not many places accept credit or debit cards.
Another option is to use a credit or debit card. This is a more convenient option, as you can simply swipe your card to pay for things. However, credit and debit cards are generally more expensive than cash, so you will need to be careful not to overspend.
Finally, you can also use a travel card to pay for your expenses in Bali. This is a pre-paid card that you can use to pay for things like hotels, meals, and transportation. Travel cards are a convenient option, as they are accepted in many different places. However, they can be a bit more expensive than other payment methods.
So, what is the best way to pay for things in Bali? It really depends on your preferences and budget. If you want the cheapest option, then cash is the way to go. However, if you want more convenience, then credit or debit cards are a better option. And if you want the best of both worlds, then a travel card is a good choice.