The official currency of Indonesia is Rupiah (Rp). The currency in
the country is issued and controlled by the Bank of Indonesia. The
ISO 4217 currency code for the currency of the nation is IDR and
the symbol on all the bank notes and coins of Indonesia is Rp. The
name Rupiah holds its origin from the Indian monetary system and
the basic of the Indian unit, Rupee.
The colloquial term though for the currency in Indonesia is "perak"
which means silver in Indonesian. The Rupiah is further
sub-divided into the lower denominations of 100 sen, though all
the sens in the recent years have been rendered obsolete because
The first Rupiah in
Indonesia was introduced in the year 1945 during the Indonesian
War of Independence (1945-1949). During this period Rupiah was
circulated along side the Dutch Indies gulden and the Netherlands