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.
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.
01/09/2011: Replacement by the Caribbean guilder
The Netherlands Antillean guilder was replaced by the Caribbean guilder as the official currency of Curacao and Sint Maarten.
10/10/2010: Dissolution of the Netherlands Antilles
The Netherlands Antilles were dissolved, resulting in the establishment of separate countries within the Kingdom of the Netherlands, including Curacao and Sint Maarten.
01/01/2001: Introduction of the euro in the Netherlands
The euro was introduced as the official currency in the Netherlands, leading to increased integration with the European Union.
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.
01/12/1986: Pegged to the US dollar
The Netherlands Antillean guilder was pegged to the US dollar at a fixed exchange rate of 1.79 ANG to 1 USD.
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.
01/11/1952: Introduction of the Netherlands Antillean guilder
The Netherlands Antillean guilder was introduced as the currency of the Netherlands Antilles, replacing the Caribbean guilder.
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.
25/11/1942: Curacao introduced the guilder
The guilder was introduced as the official currency of Curacao, replacing the Netherlands Antillean florin.
10/05/1940: German Occupation
During World War II, the Netherlands Antilles came under German occupation, resulting in restrictions and controls on currency usage.