Indonesia The Indonesian Rupiah (IDR) is the official currency of Indonesia, introduced in 1946 to replace the Dutch East Indies gulden. The rupiah, issued by Bank Indonesia, is known for its high denominations due to inflation. Coins and banknotes are widely used, with the latter available in values up to 100,000 IDR. The currency is a free-floating one, often fluctuating against the US dollar. Despite economic volatility, the rupiah remains a crucial part of Indonesia’s large and diverse economy, which is one of the largest in Southeast Asia.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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