CURRENCY HISTORY OF RUPEES

CURRENCY HISTORY OF RUPEES The word "Dollar" comes from the word "rupee", the currency of India. Indonesia has been using the currency of Dutch guilders in 1610 until 1817. After 1817, introduced to the Dutch East Indies Gulden currency. Rupiah currency was first introduced officially at the time of Japanese occupation during World War 2, with the name of the Dutch East Indies rupiah. After the end of the war, the Bank of Java (Javaans Bank, next to Bank Indonesia) introduced the Euro currency instead of Java. NICA gulden currency created by the allies and some currencies are printed collection of guerrilla also applies at the time. On 8 April 1947 Sumatra Governor issued a rupiah-Money URIPS Republic of Indonesia Since 2movember1949 four years after independence, Indonesia sets rupiah as the currency of nationality which baru.kepulauan Riau and West Irian have their own variations of dollars but their use in 1964 was disbanded in 1974 in Riau and West Irian. Asian economic crisis of 1998 caused the rupiah fell as much as 35% and bring the downfall of the Soeharto government. Rupiah is the currency that may be exchanged for free, but traded with the penalty due to high inflation levels. Rupiah has a unit underneath. In the early days of independence, the rupiah equivalent in value to the Dutch East Indies guilders, so that the units are used less force in the colonial period. Here are the units that had been used but no longer used due to the decline of the rupiah led a unit that is not of significant value. Sen, one hundredth of dollars (no coins broken one and five cents) Cepeng, hepeng, a quarter cents, from feng, used among the Chinese Mites, and a half cents Lame, one-half cent Gobangatau bump, two and a half cents dime / wince / stuivers (Bld.), five cents (no fractional coins) picis, ten cents (any fractional coins) rope, a quarter rupiah (25 cents, no fractional coins of 25 and 50 cents) There is also a unit of money, whose value is the third string.