IDR information
About the Indonesian Rupiah (IDR)
What Is the Indonesian Rupiah (IDR)?
The Indonesian Rupiah, denoted as IDR and symbolized as Rp, serves as the sovereign currency of Indonesia, a sprawling archipelago in Southeast Asia. The term "Rupiah" is derived from the Sanskrit word "rupyakam," which translates to "silver," a nod to the currency's historical roots. In everyday vernacular, Indonesians often refer to the rupiah in coins as "perak," meaning "silver" in Indonesian, highlighting the currency's deep cultural integration. The Indonesian Rupiah is the sole legal tender in Indonesia, and it is used for all transactions within the country.
The rupiah is managed and issued by Bank Indonesia, the country's central bank, which plays a pivotal role in maintaining the currency's stability and value. The currency is divided into 100 sen, although due to persistent inflation over the years, sen denominations have become largely obsolete and are no longer in active circulation.
What Is the History of IDR?
Introduced in 1946 by Indonesian nationalists, the Rupiah replaced the Netherlands Indies gulden used during the Japanese occupation in World War II. Initially, it coexisted with other currencies, including a new version of the gulden. The Riau Islands and the Indonesian half of New Guinea had their own rupiah variants, which were later integrated into the national currency.
Notes and Coins of IDR
The Indonesian Rupiah has a diverse range of banknotes and coins, each uniquely emblematic of the nation's rich cultural and historical tapestry. The banknotes, available in denominations of Rp1,000, Rp2,000, Rp5,000, Rp10,000, Rp20,000, Rp50,000, and Rp100,000, are adorned with images of national heroes, traditional dances, and scenic landscapes, reflecting Indonesia's vibrant heritage. These notes are fortified with advanced security features like watermarks, security threads, and intaglio printing, enhancing their security and accessibility, especially for the visually impaired. Notably, the 2016 series introduced new designs centered around national heroes, and a commemorative Rp75,000 note was issued in 2020 to mark Indonesia's 75th Independence Day. In 2022, a fresh series of banknotes was released, updating both the design and security elements.
Complementing the banknotes, Indonesian coins are circulated in denominations of Rp50, Rp100, Rp200, Rp500, and Rp1,000, predominantly crafted from aluminum and nickel. These coins feature the Garuda Pancasila, Indonesia's national emblem, and various indigenous flora and fauna, symbolizing the country's natural wealth. While all denominations are legally valid, the lower-valued coins are less frequently used due to inflation.
What is Digital Rupiah?
The Digital Rupiah is a digital currency initiative by Bank Indonesia, aimed at creating a digital version of the Indonesian Rupiah. This project is part of a global trend where central banks are exploring digital currencies, often referred to as Central Bank Digital Currencies (CBDCs). The Digital Rupiah is expected to function similarly to its physical counterpart but in a digital form, facilitating secure, efficient, and transparent financial transactions. It represents an effort to modernize the financial system, adapt to the growing digital economy, and enhance financial inclusion in Indonesia. The development of the Digital Rupiah is likely to involve careful planning and testing to ensure it integrates seamlessly with the existing financial infrastructure while addressing concerns related to security, privacy, and economic impact.
Why Does IDR Have So Many Zeros?
The presence of many zeros in the Indonesian Rupiah is directly linked to the country's history of high inflation, particularly during economic crises such as the Asian Financial Crisis in the late 1990s. Inflation reduces a currency's value, requiring larger denominations for everyday transactions, hence the higher number of zeros on the banknotes. The Indonesian government has considered redenomination to simplify the currency by removing some zeros, but this would only be a nominal change without altering the currency's actual value or the purchasing power of the people. Essentially, the multiple zeros on the rupiah reflect Indonesia's economic challenges and the impact of persistent inflation on its monetary system.
JRIT to IDR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Rp0 | 0.0200% / 0.0320%VIP 7 |
How to buy JERITEX
Buy JRIT (or USDT) for IDR (Indonesian Rupiah) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
F Flashsale IDR - 2 1190 trades|Completion rate 97.00% | 15825 IDR | Amount146.12 USDT Limit158250 - 474750 IDR | ||
F Flashsale IDR -3 751 trades|Completion rate 97.00% | 15825 IDR | Amount168.22 USDT Limit158250 - 474750 IDR | ||
D DISKON USDT - 1 308 trades|Completion rate 97.00% | 16150 IDR | Amount849.32 USDT Limit1615000 - 2422500 IDR | ||
S SharingCrypto 1763 trades|Completion rate 100.00% | 16493 IDR | Amount479.54 USDT Limit100000 - 415000 IDR | ||
t tukarUANGonline 1457 trades|Completion rate 100.00% | 16493 IDR | Amount439.14 USDT Limit15000 - 7242000 IDR |
Sell JRIT (or USDT) for IDR (Indonesian Rupiah) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
B BOVERICH 1548 trades|Completion rate 99.00% | 16470 IDR | Amount198.52 USDT Limit500000 - 4100000 IDR | ||
A ARSOD EXCHANGE 821 trades|Completion rate 100.00% | 16470 IDR | Amount175.54 USDT Limit53000 - 403000 IDR | ||
S SV | EXCHANGE 128 trades|Completion rate 83.00% | 16470 IDR | Amount67.54 USDT Limit15000 - 937840 IDR | ||
M MINION_EXCHANGER 39 trades|Completion rate 91.00% | 16470 IDR | Amount100000 USDT Limit10000000 - 450000000 IDR | ||
V VIP_USDT 2380 trades|Completion rate 99.00% | 16468 IDR | Amount78240.82 USDT Limit1000000 - 100000000 IDR |
What factors influence the conversion rate of JERITEX to Indonesian Rupiah?
JERITEX to Indonesian Rupiah is rising this week.Conversion tables
The exchange rate of JERITEX is increasing.JRIT to IDR
IDR to JRIT
Today vs. 24 hours ago
Amount | 02:54 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 JRIT | $0.00 | $-0.{4}1434 | +0.06% |
1 JRIT | $0.00 | $-0.{4}2868 | +0.06% |
5 JRIT | $0.00 | $-0.0001434 | +0.06% |
10 JRIT | $0.00 | $-0.0002868 | +0.06% |
50 JRIT | $0.00 | $-0.001434 | +0.06% |
100 JRIT | $0.00 | $-0.002868 | +0.06% |
500 JRIT | $0.00 | $-0.01434 | +0.06% |
1000 JRIT | $0.00 | $-0.02868 | +0.06% |
Today vs. 1 month ago
Amount | 02:54 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 JRIT | $0.00 | $-0.{4}1552 | +0.06% |
1 JRIT | $0.00 | $-0.{4}3104 | +0.06% |
5 JRIT | $0.00 | $-0.0001552 | +0.06% |
10 JRIT | $0.00 | $-0.0003104 | +0.06% |
50 JRIT | $0.00 | $-0.001552 | +0.06% |
100 JRIT | $0.00 | $-0.003104 | +0.06% |
500 JRIT | $0.00 | $-0.01552 | +0.06% |
1000 JRIT | $0.00 | $-0.03104 | +0.06% |
Today vs. 1 year ago
Amount | 02:54 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 JRIT | $0.00 | $0.02754 | -53.41% |
1 JRIT | $0.00 | $0.05508 | -53.41% |
5 JRIT | $0.00 | $0.2754 | -53.41% |
10 JRIT | $0.00 | $0.5508 | -53.41% |
50 JRIT | $0.00 | $2.75 | -53.41% |
100 JRIT | $0.00 | $5.51 | -53.41% |
500 JRIT | $0.00 | $27.54 | -53.41% |
1000 JRIT | $0.00 | $55.08 | -53.41% |
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