04/03/2020: Rupiah Hits Lowest Point
The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.
26/01/2016: New N$100 and N$200 Banknotes Introduced
Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.
27/07/2015: New Banknotes and Coins
The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.
30/08/2012: Introduction of N$10 Commemorative Banknote
Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.
27/10/2008: Financial Crisis Impact
Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.
01/01/2002: Replacement of Old Banknotes
Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.
01/06/1999: Introduction of New Banknotes and Coins
New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.
20/05/1998: Revaluation of Rupiah
As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.
01/07/1997: Asian Financial Crisis
Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.
30/08/1993: Dollarization of Namibia
Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.
21/03/1990: Independence of Namibia
Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.
29/11/1965: New Rupiah Symbol
The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.
31/05/1952: Currency Exchange Law
The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.
26/12/1949: Independence of Indonesia
Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.