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The rupiah ( symbol: Rp; currency code: IDR) is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam ( रूप्यकम् ). [4] Sometimes, Indonesians also informally use the word perak ("silver" in Indonesian) in referring to rupiah in coins.
The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in ...
Website. standardmedia .co .ke. The Standard is one of the largest newspapers in Kenya with a 48% market share. It is the oldest newspaper in the country and is owned by The Standard Group, which also runs the Kenya Television Network (KTN), Radio Maisha, The Nairobian (a weekly tabloid), KTN News and Standard Digital which is its online platform.
Money around independence year First series (1945) The first 'Indonesian rupiah' bank notes bore the date of the proclamation on new Indonesian money, 17 October 1945, under the authority of the "Republik Indonesia", and were apparently intended for issue on 1 February 1946, but due to the capture of most of the notes, only a tiny number escaped at this time.
Coins of the Indonesian rupiah. 100-, 200-, 500-, and 1000-rupiah coins from 1999, 2003, and 2010 series. The first coins of the Indonesian rupiah were issued in 1951 and 1952, a year or so later than the first Indonesian rupiah banknotes printed, following the peace treaty with the Netherlands in November 1949.
The Daily Nation was started in the year 1958 as a Swahili weekly called Taifa by the Englishman Charles Hayes. It was bought in 1959 by the Aga Khan, and became a daily newspaper, Taifa Leo (Swahili for "Nation Today"), in January 1960. An English-language edition called Daily Nation was published on 3 October 1960, in a process organised by ...
The rupiah further devalued to its lowest point following the signing of the second IMF letter of intent on 15 January 1998. The 1997 Asian financial crisis that began to affect Indonesia mid-year became an economic and political crisis. Indonesia's initial response was to float the rupiah, raise key domestic interest rates, and tighten fiscal ...
Products. Newspapers, magazines, radio stations, television stations. Number of employees. 1,400 (2004) Website. www .nationmedia .com. Nation Media Group ( NMG ), formerly East African Newspapers (Nation Series) Ltd, is an East African media group listed based in Kenya and listed on the Nairobi Stock Exchange. It is owned by Aga Khan IV.