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What is IDR?

Picture: IDR.

What is IDR? It's Indonesian currency, rupiah.

Picture: counting Indonesian money.

Rupiah has seen great volatility in the last two decades.

Indonesian rupiah

The Indonesian rupiah (Rp) is the official currency of Indonesia. The rupiah is subdivided into 100 sen, although inflation has rendered all coins and banknotes denominated in sen obsolete. Merrypenny currency converter shows that the most popular Indonesian currency exchange rate is the IDR to USD rate. The second popular currency in Indonesia is Australian dollar AUD. Rupiah is used in Indonesia, and unofficially on East Timor along with official US Dollar notes and Centavo coins. Regarding US dollars please be aware that USD series below 2000 are often rejected and series 1996 and below are always rejected for counterfeiting concerns by all businesses on Indonesia. Mainly for the reason that watermark and other security features were implemented 1996 and later.

Currency fact sheet

Indonesian rupiah fact sheet.
Name Indonesian rupiah
ISO 4217 code IDR
Sign Rp
Symbol Rp
Coin Rp 100, Rp 200, Rp 500, Rp 1000
Banknote Rp 1000, 2000, 5000, 10000, 20000, 50000, 100000
Central bank Bank Indonesia
Nickname perak - silver in Indonesian

More about...

More about the money in Indonesia.

The currency of Indonesia is the rupiah. At current exchange rates, one Indonesian rupiah is worth about 0.0001 USD while one USD is worth 10,000.00 rupiah. Indonesian banknotes have a high rate of new issues, every next set being even brighter coloured. Be aware of the different colors matching their own nomination. The purple 10.000 Rupiah and red 100.000 Rupiah look the same at night. Look out what you pay your bajaj or taxi-driver!

Money stays in circulation in Indonesia for a long time. In most countries, banks will take the damaged or marked bills and turn them into the government for replacement. But much of the money in circulation in Indonesia never makes it into a bank. Thus it just keeps circulating until it's brown and in terrible shape and falling apart. Yet, people still keep accepting it as legal tender. This worn out money is often referred to as pasar money because you usually get it in change from the pasar (market). You should note, however, that it is not considered polite to pay someone with excessively dirty bills - the recipient may be offended and would certainly prefer you give them cleaner money. So what do you do with these bills? Like everyone around you - you use them at the pasar, to pay toll fees or for those bothersome traffic control hoodlums on Jakarta streets. Old and dirty money is to pay for parking and to give to beggars. Current money in Indonesia.

Picture: Bali’s Danau Bratan temple in Bedugul, pictured on the IDR 50.000 banknote.

Bali’s Danau Bratan temple in Bedugul, Indonesia.

Picture: Jalak Bali on Indonesian 200 rupee coin.

Leucopsar rothschildi - Bali starling on the Indonesian 200 rupiah coin.

Exchange rates

What is Indonesian rupiah exchange rate today?

Indonesian central bank

Bank Indonesia has one single overarching objective: to establish and maintain rupiah stability. This objective incorporates two key aspects: the first is a stable rupiah for goods and services, reflected by the inflation rate. The second is exchange rate stability against other foreign currencies, which is reflected by rupiah performance against other foreign currencies. In terms of Bank Indonesia’s roles and functions, accountability and transparency principles are applied through the regular and open publication of information to the public via the mass media, at the beginning of each year, regarding the evaluation of monetary policy implementation in the previous year, as well as monetary policy planning and the setting of monetary targets for the year ahead. Such information is also delivered in writing to the President and House of Representatives.

Converters and rates

Easy to use currency converters and fresh exchange rates every weekday.

Find further information about the currency with the code IDR by looking up for Indonesian currency.

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