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Tuesday, December 18, 2012

Indonesian Rupiah to be Re-Denominated (3 zeros at end to be cut off)

Some of my articles tend to be critical of life in Indonesia, but I also believe in giving positive and encouraging feedback as well. 



Bank of Indonesia will re-denominate the Rupiah (IDR) by cutting off 3 zeros behind the denominational bills starting in 2013.

For example: 



Rp 50.000 will become Rp 50  (approximtely $5 USD)

Rp 100.000 will become. Rp 100  (approximately $10 USD)

The current exchange rate as of the time this article was written is:   $1 USD = 9,635 IDR


This will make things so much easier!  Kudos to Bank of Indonesia for doing this!


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