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The rupiah ( symbol: Rp; currency code: IDR) is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam ( रूप्यकम् ). [4] Sometimes, Indonesians also informally use the word perak ("silver" in Indonesian) in referring to rupiah in coins.
In 1993, a polymer Rp50,000 rupiah (approximately US$22) note celebrating "25 Years of Development" with the hologram and phrase "Penerbitan Khusus" (Special Issue) was issued. Only five million notes are printed and each were packed in a presentation pack explaining the 25-year growth plan since 1969.
The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in ...
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50, 2,50€ and 250 .
According to the U.S. Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System ...
The lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (the lira was officially a national subunit of the euro until the rollout of euro coins and notes in 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate was Lit 1,936.27 to the euro. [13]
The EURion constellation (also known as Omron rings [1] or doughnuts [2]) is a pattern of symbols incorporated into a number of secure documents such as banknotes, checks, and ownership title certificates designs worldwide since about 1996. It is added to help imaging software detect the presence of such a document in a digital image.
The math is compelling; according to CNBC’s calculations, if a 21-year-old began setting aside roughly $10 per day ($70 per week) in a retirement investment account earning a 7% annual return ...
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