These foreign-exchange restrictions, designed to provide the government with much needed reserves, meant that some companies were operating at as low as 20% of capacity, due to lack of needed imported materials. On 25 June 1998, a fourth letter of intent was signed with the IMF, which was refusing to provide aid due to breaches of its original agreement. About 90% of all depositors held less than this amount in their bank accounts. The IMF response had only been published in summary form from the government and BI, the choice of the 16 banks being closed appeared arbitrary, and the details of the 34 others subject to special measures were not announced. The 1998–1999 notes have not been legal tender since 31 December 2008 (but were exchangeable until 30 December 2018 at Bank Indonesia). Illustration about Rupiah currency icon or logo isolated sign symbol vector illustration - high quality black style vector icons. 31 of 5 September 2016, BI introduced seven new banknote designs featuring national heroes:[11], During colonial times, the currency used in what is now Indonesia was the Netherlands Indies gulden. Since 2010, Bank Indonesia, as the monetary authority of Indonesia, has repeatedly urged the elimination of the final three zeroes of the currency, to facilitate transaction handling, saying the move would not affect its value. This is a Curency Gallery page and some, most or even all of the banknotes displayed above on this page may not be available to purchase or to photograph. Four state and 50 private banks, representing nearly 40% of the sector, were placed under IBRA supervision in February 1998, resulting in the rupiah strengthening to 7,400 per dollar. Despite the fall of the currency of about 70% from June 1997 to December 1998, inflation of 60–70% in 1998 (which caused riots and the end of the Suharto regime after 30 years in power) meant that the real exchange rate fell only slightly. Quality Royalty Vector Images. Wikidata: Q252 Read more. The banknotes have "Negara Kesatuan Republik Indonesia" ("The Unitary State of the Republic of Indonesia") written on the notes, replacing the name of its current issuer, Bank Indonesia. So go ahead and steal a glance at your ideal holiday. By September 1986, the currency had been allowed to steadily fall to 1,134 rupiah, a rate which had largely maintained purchasing power over the period. Indonesian rupiah currency 3D symbol of Indonesia icon Royalty Free Vector Image At this stage, the crisis was a limited one; while the currency had fallen, the extent of the fall did not appear catastrophic. Interest rates fell steadily in 1999, to an SBI of 13.1% in October. The Hong Kong Dollar is divided into 100 cents. In response to Sumatra and Sulawesi refusing to hand over their foreign exchange, in June 1957, a new system for foreign exchange was introduced; exporters received export certificates (BE) representing the foreign currency earned and could sell them to importers on the free market (but subject to a 20% tax). Indonesia has so many various food, but i got to say this 50 food are well known. Further foreign-exchange restrictions were introduced over 1953–1954, with April 1953, the foreign-exchange downpayment was increased to 75%, except for raw materials at 50%. Although the bank had violated its BMPK (credit limit), Bambang was given permission by BI to buy Bank Alfa, another bank, seen by many as a reward for withdrawing his lawsuit. The exchange rate determined upon independence in 1949 was 3.8 rupiah to US$1. Your team's Premium Access agreement is expiring soon. Local confidence in the currency was also undermined as the population followed suit, selling rupiah for dollars. Informally, Indonesians also use the word "perak" in referring to rupiah. [4] A new series of coins featuring Indonesia's national heroes was issued in 2016 in denominations of 100, 200, 500, and 1000 rupiah. The currency strengthened to Rp 8,500 later in 2001, but ended 2001 at Rp 10,505. Sometimes, Indonesians also informally use the word "perak" ("silver" in Indonesian) in referring to rupiah in coins. The GDP per Capita, in Indonesia, when adjusted by Purchasing Power Parity is equivalent to 66 percent of the world's average. This is a Currency Gallery page and some, most or even all of the banknotes displayed above on this page may not be … Bank Indonesia Contact Center (BICARA 131) The Bank Indonesia Act (No. See also: Netherlands East Indies, Irian Jaya, Riau The rupiah closed below Rp 12,000 for the first time since 1998 on 20 October, with intraday lows below Rp 13,000. With palm oil and rubber prices falling from their peak by more than half, the rupiah came under pressure, Bank Indonesia spent US$7 billion of its $57 billion reserves in October defending the currency. Credit ceilings were removed. Subsequently, however, the cut in the Federal Reserve rate to 0–0.25% and BI support for the currency, had the rupiah strengthen slightly to a range around Rp 11,000. Indonesia markets itself as Wonderful Indonesia as their Indonesia Tourism project slogan, and the slogan is quite true, although not necessarily always in good ways. After this announcement, the rupiah immediately gained almost 10%, to around 3,300 rupiah per dollar. It contains 922 permanently inhabited islands, and more than half of a total population of 255 million live on Java. As of September 2018, the rupiah had fallen to its weakest position since the 1998 crisis[32] with one US dollar being worth roughly IDR 14,880,[33] peaking at IDR 15,009 on 4 September. The Asian financial crisis of 1997 began in Thailand in May 1997, where the government found it harder to maintain the Thai baht peg at ฿25 to US$1. Hence, the effective Rp 7.6/11.4 exchange rate reverted to Rp 3.8. As the smallest current note is worth approximately US$0.065, even small transactions such as bus fares are typically conducted with notes, and the 1,000-rupiah coin is far more common than the 1,000-rupiah note. The SBI rate was increased to 70% in the wake of massive inflation. Following the issuance of Presidential Decree No. Its value was determined on the black market. The rupiah had strengthened from an all-time low of 9,100 per dollar on 23 January to 7,225 per dollar on 15 January. Earlier 10/28/PBI/2008 issued on November 13, 2008, the Central Bank issued the regulation regarding on "Purchase of Foreign Currency vs Indonesian Rupiah through Banks" in its Circular Letter … The currency code for Rupiahs is IDR, and the currency symbol is Rp. Twenty-three further banks were recapitalised in May, and in October 1999, Bank Mandiri itself was recapitalised. [34], The latest currency issued by Bank Indonesia in 2016, October 1986 – June 1997: US$ real exchange parity, Asian financial crisis (and response) 1997–1999, First stage of the crisis – limited initial falls, https://peacekeeping.un.org/ar/mission/past/etimor/untaetPU/currency.pdf, https://www.independent.co.uk/money/how-the-worlds-currencies-got-their-names-a6939431.html, It is time for rupiah redenomination, central bank says, "BI Tarik 4 Uang Kertas Emisi 1998 dan 1999 dari Peredaran", "Setelah Reformasi, Uang Bergambar Soeharto Pun Ditolak Pedagang... Halaman all", Bank Indonesia says Suharto banknotes invalid from Aug. 21 | Asian Economic News | Find Articles at BNET, Siaran Pers No.11/ 19 /PSHM/Humas – Bank Sentral Republik Indonesia, "BI to Issue New Print Banknotes, Mint Coins with Heroes Images", "Lebih Dekat Kenali Uang Baru Indonesia yang Usung Teknologi Canggih", "HUT RI Ke-75, Bank Indonesia Keluarkan Pecahan Uang kertas 75000", "Ini Alasan Indonesia Lebih Memilih Serat Kapas sebagai Bahan Baku Uang Kertas ketimbang Polimer", "Potensi Ekonomi 'Pohon Dolar' dari Talaud | Sulawesi Bisnis.com", "BI Ingin Bahan Baku Uang Kertas Pakai Batang Pisang", "Ini alasan BI watermark Cut Meutia ada di uang baru Rp 1.000 & 5.000", "Desain Baru Pecahan Rp 20.000, Rp 50.000, dan Rp 100.000", http://www.bi.go.id/msmbiweben/pra_content.asp?id=22, Indonesia Monetary and Exchange Rate Policy – Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistic, Microsoft Word – 45839C8F-327B-10B95E.doc, http://165.194.73.110/newjed/full-text/24-2/siregar.PDF, He Starts Court Action After Reform Effort Shuts His Bank – Suharto's Son Sues Government – NYTimes.com, / Currencies – Rupiah plunges after forex changes, "Govt calls on public, investors to stay calm", "Top 15 Lowest Currencies in the World in 2020", "Political dimensions of the currency question 1945–1947", Daily rupiah exchange rates from other currencies, Historical and current banknotes of Indonesia, Japanese government-issued currency in the Dutch East Indies, https://en.wikipedia.org/w/index.php?title=Indonesian_rupiah&oldid=1000868911, Articles containing Sanskrit-language text, Articles with unsourced statements from January 2012, Wikipedia articles needing clarification from August 2015, Creative Commons Attribution-ShareAlike License, Rp2,000, Rp5,000, Rp10,000, Rp20,000, Rp50,000, Rp100,000, Children wearing various traditional clothing in Indonesia with picture of, Currently used (2016 new-format banknotes), formerly used (2000–2015 old-format banknotes), The minimum security features visible to the naked eye are, Watermark and electrotype are made by controlling the gap of density, Security threads are inserted into the note so that. The Indonesian Bank Restructuring Agency was set up with the goal of merging, closing, or recapitalising (before sale) banks. On 15 January, a second letter of intent was signed with the IMF, agreeing an accelerated reform package in return for $43 billion of aid. Boards are the best place to save images and video clips. The rupiah (Rp) is the official currency of Indonesia and is subdivided into 100 sen. Our currency rankings show that the most popular Indonesia Rupiah exchange rate is the USD to IDR rate. It spans almost 2 million square kilometers between Asia and Australia.With a population of 248,216,193, Indonesia shares land borders with 3 … Audits of the banks that had been taken over showed massive bad debts, exceeding 55%. The President and his family were opposed to the reforms, with Bambang Trihatmodjo beginning legal action against the government to keep his bank, particularly as directors of the insolvent banks were, if culpable, to be added to a Disgraced Persons List, ineligible to work in the banking sector. Despite the high inflation of the period, the exchange rate, which had essentially been preserved using the country's oil exports, was maintained at 415 rupiah until 15 November 1978. For older bank notes of Indonesia see Netherlands Indies. 23 of 1999) mandates accountability and transparency in the execution of Bank Indonesia’s duties, responsibilities and budget. © 2021 Getty Images. The price of the certificates quickly reached 332% of face value by April 1958, i.e. A loading animated image with of the Indonesia rupiah currency sign drawn on a golden token. At the point of devaluation (November 1978), the trade-weighted real (local price adjusted) effective exchange rate of the rupiah[26] against major world currencies was just over twice as high as it was in 1995 (prior to the Asian economic crisis, and free fall of the rupiah), i.e. The rupiah immediately fell 7%, with foreign money quickly leaving the country. This repository is populated with tens of thousands of assets and should be your first stop for asset selection. Thousands of new, high-quality pictures added every day. Ganesh image on Indonesia currency note raise eyebrows | The … The spot rate soon fell below the selling rate (i.e. Interest rates, initially 18%, remained above 15% over the period. In December, the crisis turned into a disaster. … if i may suggest, these are some great food that not listed (not in order): – Bandeng Presto, a seasoned, high pressure steamed-fried fish – Kuo Tie, minced pork dumpling (you may missed this one, it’s also located at Glodok, Jakarta) The currency devaluation of large notes in 1959 had the official exchange rate devalued to Rp 45 as of August 1959. [2] Sometimes, Indonesians also informally use the word "perak" ("silver" in Indonesian) in referring to rupiah in coins. On 1 June 1983, 'Pakjun 1983' brought deregulation of the banking system, and the end of the meaningless 6% official deposit rate, with a more market-based financial system. The currency fell to around 10,000 per dollar. On 13 November, BI introduced new regulations requiring foreign currency purchases over US$100,000 a month to be backed by documentation of an underlying transaction and a tax number. The Indonesian Rupiah is the currency of Indonesia. In the period from October 1946 to March 1950, Indonesian currency had no international recognition. [24] By the trade-in certificates an export rate of Rp 7.6 and an import rate of Rp 11.4 was established. Currently circulating Indonesian banknotes date from 2000 (1,000 rupiah), 2001 (5,000 rupiah), 2004 (20,000 and 100,000 rupiah), 2005 (10,000 and 50,000 rupiah), 2009 (the new denomination of 2,000 rupiah), 2010 (revised version of the 10,000 rupiah), 2011 (revised versions of the 20,000, 50,000 and 100,000 rupiah), and 2020 (the commemorative 75,000 rupiah denomination issued 2020). : If you are looking to purchase Indonesian banknotes, then please visit our Store. Suharto quickly made economic changes, establishing his "New Order", with economic policy set by the Berkeley Mafia, his team of US-educated neoclassical economists. Image of banking, isolated, cash - 116793345 The investor confidence in Indonesia was shaken, and due to previous deregulations, much of the Indonesian stock market was owned by foreign investors. Despite the liberalisation efforts, Indonesia still had multiple exchange rates. Indonesia is supposed to be the country with the most volcanoes in the world. Dear Valued Client, With reference to Bank Indonesia Regulation No.. The 1966–1970 stabilisation program was a great success, resulting in higher economic growth, boosting legal exports (which grew 70% in US$ terms over the period), and increasing output (for instance the price of oil rose 250 times when the 1950 prices were abandoned, incentivising new exploration). 23/1999 menuntut adanya akuntabilitas dan transparansi dalam setiap pelaksanaan tugas, wewenang dan anggaran Bank Indonesia. The rupiah is divided into 100 sen, although high inflation has rendered all coins and banknotes denominated in sen obsolete. Private banks would be subject to improved monitoring, and some state banks would be merged. The SBI rate was reduced three times in September to around 20%. Contact Center Bank Indonesia (BICARA 131) Undang-Undang Bank Indonesia No. However, as it became clear Suharto had no intention of fulfilling the agreement, the rupiah plummeted by more than 50%, bottoming out at 14,800 rupiah per dollar on 23 January. Indonesia Tourism: Tripadvisor has 48,23,471 reviews of Indonesia Hotels, Attractions, and Restaurants making it your best Indonesia Tourism resource. The rupiah is divided into 100 sen, although high inflation has rendered all coins and banknotes denominated in sen obsolete. 1942 - Japan occupies Dutch East Indies. Find the perfect Indonesian Currency stock photos and editorial news pictures from Getty Images. In effect, the failed bank was reopened under a different name. Indonesia is an island nation in South East Asia, north west of Australia. After the 1959 devaluation, inflation, which had been running at 25% per annum 1953–1959, grew exponentially, with rates over 100% in 1962, 1963, and 1964, and 600% in 1965. The ending of what amounted to an export tariff severely damaged government revenues, and as of 4 February 1952, the rupiah was officially devalued to Rp 11.4, with export tariffs of 15–25% on commodities in which Indonesia was strong. Deposits would be underwritten up to 20 million rupiah (about US$5,500). December 1, 2008. Despite this, the currency was devalued 30% on 12 September 1986 to 1,664 rupiah to US$1. Foreign companies and their workers were placed under restrictions as to the amount of foreign exchange that could be sent home, with the amounts allowed out subject to fees of ​66.mw-parser-output .sr-only{border:0;clip:rect(0,0,0,0);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap} 2⁄3%. The Gross Domestic Product per capita in Indonesia was last recorded at 11812.20 US dollars in 2019, when adjusted by purchasing power parity (PPP). By Christmas Eve, the rupiah stood at 5,915 per dollar, a fall of 60% since July. Burma banknotes Myanmar banknotes Burma paper money catalog and Burman currency history. The rupiah (Rp) is the official currency of Indonesia. Indonesian government began to take more drastic action, doubling its SBI rates to 45% (increasing the cost of its lending), and in April, having signed a third letter of intent with the IMF, the IBRA took over the major private banks, twinning the banks with state banks, and suspending the owners' control. By 1978, the combination of a fall in oil prices and a decrease in foreign reserves meant that the rupiah was devalued 33% to Rp 625 to US$1 on 16 November 1978 (although prices had increased nearly fourfold over the period). In late 1965, the 'new rupiah' was brought in, at 1 new rupiah to 1,000 old rupiah. Ganesha is worshipped as god of education which fits the main theme of the note — education. Upload an Image. As of 24 September, the exchange rate still lingered at 2,990 rupiah per dollar. Also, view Rupiah to Hong Kong Dollar currency charts. Due to the low value and general shortage of small-denomination coins (below 50 rupiah), amounts are commonly rounded up (or down) or sweets are received in lieu of the last few rupiah of change in supermarkets and stores. Colored bill close up fragment - 2ANH8M6 from Alamy's library of millions of high resolution stock photos, illustrations and vectors. The exchange rate for the Hong Kong Dollar was last updated on January 10, 2021 from Yahoo Finance. It is one of the least valued currency unit in the world, after the Iranian rial and Vietnamese đồng. The government announced a rescue package on 26 January,[29] ensuring that it would guarantee all existing deposits. The IMF agreed to provide an immediate US$5 billion of aid to cover basic necessities. Cronyism and corruption of Indonesia clearly was winning over IMF reforms. If you are looking to purchase Afghani banknotes, then please visit our Store. It had now lost a third of its value, and now a full-blown 'crisis' existed in Indonesia. The government response to the crisis sent mixed messages, with falling interest rates doing nothing to support confidence in the rupiah, and the rupiah continued to be sold, as companies that had been borrowing heavily in dollars had to meet their obligation. The system was scrapped because domestic prices were being determined by the import rate, which were hurting profits from exports earned at the lower rate. {{familyColorButtonText(colorFamily.name)}}, {{ winBackSelfRenewNotification.cta_text }}, {{ winBackContactUsNotification.cta_text }}, View {{carousel.total_number_of_results}} results. By the middle of the month, 154 banks, comprising half of the banking system, had suffered bank runs. Download this stock image: Pulau Maitara Dan Tidore on Indonesia 1000 rupiah bank note, former currency of Indonesia. Little action was seen immediately, and by 17 June, the rupiah had bottomed out at 16,800 rupiah per dollar. The new notes retain the images of its national figures and … The end of Suharto's rule brought a new president, Jusuf Habibie, to power on 21 May 1998. The financial crisis of 2007–2008 with the collapse in the commodities market had the US$ gain strongly against currencies backed by weakening commodities exports. The name "rupiah" is derived from the Sanskrit word for silver, rupyakam (रूप्यकम्). With US$1 worth 14,294.50 rupiah (13 June 2019, 12.00 UTC), the largest Indonesian banknote is therefore worth about US$7.00. The Riau islands and the Indonesian half of New Guinea (Irian Barat) had their own variants of the rupiah in the past, but these were subsumed into the national rupiah in 1964 and 1971, respectively (see Riau rupiah and West Irian rupiah). Economic policies were put in place to require adequate bank reserves, ending subsidies on consumer goods, end import restrictions, and to devalue the rupiah. Indonesia, Rupiah. Indonesia pictures: Check out Tripadvisor members' 2,093 candid photos and videos of landmarks, hotels, and attractions in Indonesia. [20] The country was invaded in 1942 by Japan, which began printing its own version of the gulden, which remained in use until March 1946. [31] Despite this, the rupiah slipped below Rp 10,000 on 23 October for the first time since 2005, and then below Rp 11,000 on 2 November, a mark last reached in 2001. The Getty Images design is a trademark of Getty Images. Try dragging an image to the search box. Issued and controlled by Bank Indonesia, its ISO 4217 currency code is IDR. The 2010 and 2011 revised-2004/2005 note series of 10,000-, 20,000-, 50,000-, and 100,000-rupiah introduced several new security features: use of, This page was last edited on 17 January 2021, at 03:38. {{collectionsDisplayName(searchView.appliedFilters)}}, {{searchText.groupByEventToggleImages()}}, {{searchText.groupByEventToggleEvents()}}. By March 1983, the managed float had brought only an 11% fall in three and a half years to Rp 702. Despite the improvements, political instability quickly increased. BI attempted to intervene, but eventually abandoned the managed float on 14 August 1997, leaving the rupiah to float freely. To control foreign exchange, the government brought in a number of measures. IMF's response was announced on 1 November 1997. Convert Indonesian Rupiahs to Hong Kong Dollars with a conversion calculator, or Rupiahs to Hong Kong Dollars conversion tables. This Free Currency Exchange Rates Calculator helps you convert Indonesian Rupiah to US Dollar from any amount. March 2002 had the currency break below Rp 10,000, from which point the currency maintained a rate in the 8,000s and 9,000s until August 2005, and in the latter half of that year, the trading range extended towards Rp 11,000, but ending the year just below Rp 10,000. [22] The rupiah was declared the sole legal currency, with other currencies being exchanged for rupiah at rates which were often unfavourable to the holders.[22]. This trend continued into 2008, with the currency trading between Rp 9,000 and 9,500.[30]. Thus, in the period from 1978 to 1986, the real exchange rate of the Indonesian rupiah fell by more than 50%, providing significant boosts to the competitivity of Indonesia's exports. The M1 money supply increased sharply over the period due to lax credit controls, which[clarification needed] was channelled towards favoured groups, such as pribumi, as well as corrupt government-linked businesses.[26]. Various attempts have been made to maintain the value of the currency, but all were abandoned. Soon after, however, confidence began to fall. The older series of coins has been gradually disappearing. The official exchange rate was set initially at Rp 0.25 to US$1 as of 13 December 1965, a rate that did not represent reality, as the multiple exchange-rate system remained in place for the time being. Find Calculate Money Indonesia Currency Economy stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. Issued and controlled by Bank Indonesia, its ISO 4217 currency code is IDR. Government debt (Bank Indonesia Certificates or SBI) rose from 12% to 30%, and overnight call rates reached 81% (per annum). [9] After a long delay, this proposal was revised so that the 2,000-rupiah banknotes were launched by Bank Indonesia (BI) on 9 July 2009, with the banknotes circulating as legal tender from 10 July 2009,[10] but without withdrawing the 1,000-rupiah note. Lembaga Alat-Alat Pembayaran Luar Negeri Publication No. The rupiah steadily weakened from the middle of November, standing at 3,700 rupiah per dollar at the end of the month. The rupiah fell from 4,085 to 5,650 per dollar in the space of a single week. Collect, curate and comment on your files. The symbol for HKD can be written HK$. Search 123RF with an image instead of text. By this point, the total bank capital had reached a negative 245 trillion rupiah. The rupiah, which had strengthened to around Rp 8,000, depreciated in the wake of the Jakarta riots of May 1998, and in particular the run on the Bank Central Asia, Indonesia's largest private bank, that ensued, causing the bank to be taken over by IBRA on 29 May. Banking reform continued throughout 1999, with the merger of four state banks in July 1999 into Bank Mandiri, the closure of 38 banks, recapitalisation of nine, and takeover of seven more in March 1999. Cost of Travel in Indonesia (Updated for 2021) - Go Backpacking Rp 38, a rate at which the government chose to end the free market, fixing the price at 332% of face value. outside the 12% exchange rate band). Click here to request Getty Images Premium Access through IBM Creative Design Services. The rupiah finished the year at Rp 7,900 to the US dollar. As of November 1954, exporters were required to sell 15% of their foreign exchange earned to the government. Select 100 images or less to download. Catch a glimpse of Indonesia's bewitching attractions without having to put on your shoes and discover the ultimate destination that matches your soul. Intaglio printing is used for the denomination numbers in the banknote, to help blind people recognise genuine notes and their denomination. 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Rate devalued to Rp 45 as of April 1970 show Indonesian Rupiahs to Hong Kong dollar charts... Was last updated on January 10, 2021 rupiah–US dollar rate was at 2,436 rupiah to $... Rupiah immediately fell 7 %, with reference to Bank Indonesia Regulation No inhabited,... Devalued to Rp 415 to the left of the baht, allowing it to float freely all coins banknotes..., inflation had fallen to indonesia currency image 2 % Indonesian Rupiahs to Hong Kong dollar converter. Currency had No international recognition this currency convertor is up to date with exchange rates from January 15 2021! Press the `` convert '' button of its national figures and ….! In December, the currency, but i got to say this 50 food are well known also fundamentally.... And most varied archipelago on Earth to intervene, but eventually abandoned the fixed exchange rate devalued to Rp as... 5–25 % to boost their export a single week % fall in three and currency... Devaluing the currency $ 5,500 ) searchText.groupByEventToggleImages ( ) } }, { { (., 500, and Attractions in Indonesia, when adjusted by Purchasing Power Parity is equivalent 66... As well as falling foreign-exchange reserves silver, rupyakam ( रूप्यकम् ) of August.! 'S rule brought a new president, Jusuf Habibie, to an SBI of 13.1 % October! Dollars with a milled edge the older series of coins has been gradually disappearing ) banks set with. 415 to the rupiah begin at 5,447 per dollar, a fall of 60 % July. Than half of the banks that had been taken over showed massive bad debts, exceeding 55 %, 1... To US $ 1 rupiah info > MYR - Malaysian Ringgit with tens thousands. Also undermined as the population followed suit, selling rupiah for Dollars before sale ) banks Indonesia 's forests.

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