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Topic: Rupiah

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In the News (Mon 21 Jan 19)

  Indonesian rupiah - Wikipedia, the free encyclopedia
The Rupiah (Rp) is the official currency of Indonesia.
The Asian financial crisis of 1997-1998 reduced the rupiah's value by 35% overnight and was a major factor in the overthrow of President Suharto's government.
The rupiah is a freely convertible currency, but trades at a discount compared to its PPP-based valuation, due to continued high inflation.
en.wikipedia.org /wiki/Rupiah   (1047 words)

 Indonesia set to tighten curbs on rupiah trading - Business Asia by Bloomberg - International Herald Tribune
The move was intended to stop nonresidents and banks from borrowing rupiah to switch into foreign currencies to profit from falls in the rupiah's value.
On Thursday, the rupiah fell 0.2 percent to 9,621 to the U.S. dollar, according to data compiled by Bloomberg.
But the rupiah still could strengthen to 9,000 to the dollar by the end of the year on speculation that China will loosen its fixed exchange rate, helping to strengthen Asian currencies, Chia said.
www.iht.com /articles/2005/06/16/bloomberg/sxrupiah.php   (611 words)

 South-Western EconNews: Rupiah Out of Control
Many analysts believe that the cause of the decline of the rupiah is political, and not economic.
Given the recent history of unrest, the value of the rupiah may represent the level of confidence of Indonesians in their government.
The impact of a weak rupiah may not be as great as it was in 1998.
www.swlearning.com /economics/econ_news/rupian_control.html   (415 words)

 Shares and rupiah dive after blast - smh.com.au
The rupiah also weakened, with quotes down about 2 per cent on the day to 8670 per US dollar - although the fall was limited by the likelihood of central bank intervention.
The rupiah avoided a three-month low of 8725 per dollar hit in late July, and still remains the strongest Asian currency against the US dollar this year.
When the rupiah slumped in July as investors switched out of Indonesia's high-yielding debt and into equity markets elsewhere, the losses were stemmed by Bank Indonesia intervention.
www.smh.com.au /articles/2003/08/05/1060064195800.html?from=storyrhs   (402 words)

 SEARCH RESULT -- WSJ Interactive Edition
Despite the rupiah's resilience so far - and the generally bullish forecasts - some analysts are worried about the effect on the rupiah of prolonged election violence.
Much of the rupiah's weakness earlier this year was due to lower deposit rates on central bank bills, or SBIs, as Bank Indonesia tried to guide the currency lower in line with its traditional depreciation policy, according to Christa Marti, an economist at Union Bank of Switzerland in Singapore.
In the meantime, however, the central bank is seen adjusting its trading band for the rupiah in line with its depreciation policy - and this will again place the rupiah near the strong end of the band, where it stood for much of the last few months of 1996.
pages.stern.nyu.edu /~nroubini/articles/thai4.htm   (825 words)

 Outlook for rates may favor the rupiah - Marketplace by Bloomberg - International Herald Tribune
The rupiah may gain 4.6 percent to 8,800 against the U.S. dollar in three months to six months, it forecasts.
The rupiah is up 6.76 percent in three months, the biggest gain of 62 currencies tracked by Bloomberg.
The rupiah declined to as low as 9,393 against the dollar on Thursday, making this a good time to buy, Henderson said.
www.iht.com /articles/2006/03/14/bloomberg/sxasia.php   (625 words)

 RATE-EXCHANGE.org - Indonesia Currency / Indonesian Rupiah
The rupiah was first introduced as Indonesia’s national currency during World War II, and has undergone several transformations, leading up to the present day incarnation.
The exchange rate of the rupiah had been controlled by a managed float scheme, but this was abandoned in 1997 in favor of a true, free float, which proved to be ruinous.
By definition, the Indonesian rupiah is divided into 100 sen, but as a result of repeated bouts of inflation over the years, sen are no longer used, and whole rupiah units are used instead.
rate-exchange.org /currency/indonesian-rupiah.cfm   (314 words)

 Indonesia lets currency float; rupiah plunges   (Site not responding. Last check: 2007-09-10)
SINGAPORE -- Indonesia abandoned trading limits for the rupiah Thursday, joining Thailand, Malaysia and the Philippines in ending efforts to prop up its currency at an unsustainably high level.
Thursday, the rupiah tumbled as much as 5 percent against the dollar, reaching a record low of 2,800 per dollar in U.S. trading.
Indonesia's decision to join its Southeast Asian neighbors in opting to let its currency's value be determined largely by market forces brings to a close a period in which these Asian "tigers" tied their currencies closely to the dollar.
www.chron.com /content/chronicle/business/97/08/15/rupiah.2-0.html   (192 words)

 Rupiah Depreciation against Yen 16% - Indonesian Commercial Newsletter - HighBeam Research   (Site not responding. Last check: 2007-09-10)
For the first semester of 1994 alone, the rupiah depreciated by a high 16.3% against the yen.
The value of the yen against the rupiah rose from Rp 189.06/yen at the beginning of January to Rp 219.96/yen at the end of June.
The depreciation of the rupiah against the yen for the first semester of 1994...
www.highbeam.com /doc/1G1-44864075.html   (169 words)

 Asia Times Online :: Southeast Asia news and business from Indonesia, Philippines, Thailand, Malaysia and Vietnam
It happened after they realized that the rupiah is moving out of control." Industry is now facing a serious risk of foreign exchange losses and rising costs for raw material imports, he said.
Bakrie said one factor that has caused the rupiah's depreciation is the public perception that the country is facing a huge budget deficit, even though the current account and capital account are expected to post a surplus of $4.7 billion this year.
He blamed poor market sentiment over the potential impact of subsidies on the budget deficit, though conceding that the main pressure on the currency was due to the need to spend dollars for oil imports and then subsidize fuel at the same time.
www.atimes.com /atimes/Southeast_Asia/GH27Ae02.html   (1474 words)

 CNN.com - New rules could end rupiah trade - January 24, 2001
They say controls introduced by the central Bank Indonesia to curb trade of the rupiah mirror those used by Malaysia to limit speculation in the ringgit in the depths of Asia's financial crisis late in 1998.
Salomon Smith Barney economist Cliff Tan says the restrictions, which include limiting the amount of rupiah able to be traded between Indonesian banks and foreign parties, should kill trade in rupiahs rapidly.
The new comprise cutting the limit able to be traded between local banks and offshore parties from $5 million to $3 million and hardening penalties for banks extending rupiah overdrafts to offshore entities.
archives.cnn.com /2001/WORLD/asiapcf/southeast/01/24/indo.rupiah   (436 words)

 Asia Times
Those currencies remain in their established post-financial-crisis trading zones, while the rupiah is still far stronger than its usual benchmark of 10,000.
From that perspective, the rupiah has merely been closing a wide value gap with the currencies of its neighbors that, at least in the case of Philippines, don't stand that far above Indonesia on the political economy hit parade.
Export industries suffer with the stronger rupiah, while the government cites the rising currency as one of its key achievements.
www.atimes.com /atimes/Southeast_Asia/ED24Ae01.html   (1184 words)

 ROUNDUP - Indonesia rupiah loses more ground as market confidence ebbs - Forbes.com   (Site not responding. Last check: 2007-09-10)
JAKARTA (AFX) - The rupiah lost nearly 5 pct today, falling past 10,800 per dollar at one point as the market continued to lose confidence in the capability of both Bank Indonesia and the government to defend the local unit, analysts said.
Analysts said they were caught by surprise when the rupiah broke the 10,500 per usd level so easily early in the day.
DBS' Paracuelles said he is inclined to agree that investors dumped the rupiah because of the oil price spike and therefore any concrete measures that would address the impact of oil prices on the market and the economy could help lift confidence.
www.forbes.com /markets/feeds/afx/2005/08/29/afx2194446.html   (896 words)

 Indonesian Rupiah and Indonesia currency information including currency exchange rates
Preceding their independence, the Indonesian Rupiah was introduced on November 2, 1949 as the new national currency.
Devalued by inflation, in 1965 the New Rupiah was introduced at a rate of 1000 old Rupiah to one new Rupiah.
More recently, the Asian economic crisis of 1997-1998 depreciated the Rupiah's value by 35% in a matter of one night and was a major factor in the overthrow of President Suharto's government.
www.gocurrency.com /countries/indonesia.htm   (650 words)

 Living in a Rupiah World ... using Indonesia's national currency
Exchange rates of Indonesian Rupiah to foreign currencies fluctuate on a daily basis, however normally the fluctuation is minor.
With the ups and downs in the value of the rupiah against foreign currencies since the beginning of the monetary crisis in 1997, you may be wise to keep your excess funds in a foreign currency, as opposed to in rupiah, changing only the amount you need into rupiah for your daily needs.
While fortunate expats making a foreign currency salary reap the benefit of getting more rupiah for their foreign currency, all around them, the Indonesians who are paid in rupiah (the vast majority) are suffering catastrophic inflationary pressures from the increased price of goods.
www.expat.or.id /info/rupiahworld.html   (2931 words)

 Online NewsHour: Currency in Crisis -- February 27, 1998
Since a lot of foreigners did want to buy stuff or invest in Indonesia, for years, they traded their currencies for rupiah and foreign demand helped drive up the exchange value--the price of the rupiah.
As people saw the rupiah drop, they got scared it would drop further, and ran to the stores with the actual currency to buy goods before prices rose.
RICHARD RAHN: And as long as the people are satisfied that the currency board has 100 percent reserve in foreign currency, then they're happy to hold the local currency because they know they can always go in and get the foreign currency if they really want it.
www.pbs.org /newshour/bb/asia/jan-june98/rupiah_2-27.html   (1477 words)

 Free fall in Indonesia - Jan. 22, 1998
Rupiah keeps falling, corporations go under and now millions may lose jobs
NEW YORK (CNNfn) - The Indonesian rupiah plunged to record lows Thursday but that may be the least of the worries of the country's citizens, who are staring at the face of massive layoffs in a country that seems to keep falling down.
     The rupiah stood at 12,000/12,500 to the U.S. dollar in Asian trading Thursday, but had lost even more value during the day and, at one point, was at 15,000 to the dollar..
money.cnn.com /1998/01/22/economy/rupiah/index.htm   (922 words)

 CNN.com - Indonesia's rupiah set to resume fall - April 27, 2001
The rupiah has plunged in recent weeks on political and economic turmoil
The rupiah hit a 31-month low on Thursday.
The rupiah was trading at 11,825/11,915 on Friday, with the central bank selling dollars to prop it up.
edition.cnn.com /2001/BUSINESS/asia/04/27/indonesia.rupiah/index.html   (603 words)

 [INDONESIA-NEWS] JKTP - Rupiah May Break 11,000 Leve
rupiah, rising interest rates, and a delay in the collection of
concern at how close to 11,000 the rupiah was trading.
on lingering political worries, and the rupiah's steady descent.
www.hamline.edu /apakabar/basisdata/2001/04/08/0033.html   (789 words)

 FT.com / Home UK / UK - Indonesia's rupiah falls against $   (Site not responding. Last check: 2007-09-10)
The Indonesian rupiah yesterday fell to its lowest level against the US dollar since March 2002, breaking through the Rp10,000 mark and prompting the central bank to give assurances it is monitoring the currency closely.
The fall, to Rp10,030 to the dollar at the close last night, drew calls from Indonesian business leaders for the government to speak out in support of the rupiah, which has fallen more than 5 per cent against the US dollar this year.
Burhanuddin Abdullah, central bank governor, told reporters that it would continue to try "to reduce volatility" in the rupiah, although he added that "what is important is not the level of the rupiah but the stability, so that businesses can make their plans".
www.ft.com /cms/s/0bd38ee0-1372-11da-beee-00000e2511c8.html   (276 words)

 Indonesian Rupiah Exchange Rates - North and South America - Current Exchange Rates
Exchange rates for the Indonesian Rupiah against foreign currencies from North and South America are displayed in the table above.
The values in the Convert To column provide the quantity of foreign currency units that can be purchased with 1 Indonesian Rupiah based on recent exchange rates.
To view Indonesian Rupiah historical exchange rates, click on the Table and Graph links.
www.exchange-rates.org /currentRates/IDR   (181 words)

 Rupiah, what does it matter - Bali Forum and News
Rupiah, what does it matter - Bali Forum and News
At then end of your holiday in paradise, try giving 50, 000rp to those lovely people who look after us very holiday and say thanks.
Re: Rupiah, what does it matter (response to cheetah)
www.baliforum.com /travel/showthreaded.php?Number=181321   (316 words)

 Paket - Package Bali Hotels Rupiah - liburan - holiday
Dengan didukung oleh informasi yang lengkap mengenai tujuan-tujuan wisata di Indonesia, bali hotels rupiah memberikan fasilitas lengkap untuk pencarian kamar hotel hingga pemesanan dan pembelian kamar secara real time.
bali hotels rupiah mempunyai hubungan yang erat dengan hotel-hotel termuka di Indonesia dengan variasi hotel dari mulai bintang 5 (lima) seperti Hotel Mulia, Hotel Indonesia, Hotel Bali Hilton, sampai hotel kelas melati yang membuat pilihan anda menjadi lebih luas dan bervariasi dalam menentukan pilihan berwisata.
Selain itu bali hotels rupiah juga menjalin kerjasama dengan agent-agent wisata diseluruh Indonesia sehingga bali hotels rupiah dengan mudah memastikan reservasi anda.
www.indosentral.com /bali_rupiah.php   (244 words)

 Currency Exchange Rates Rupiah Indonesia EUR Australia Dollar USD British Pound
These are the currency exchange rates, for the Indonesian Rupiah, of Dec 21 13:00:29, Bali Time (GMT+8).
The rates here are the average rates, if you buy currency you will pay a little more, and if you sell your currency you will get a little less.
The exchange data is collected from a public internet service, which has been proven to be reliable.
www.bali-information.com /forex.php   (117 words)

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