HomeIDR / PGK • Currency
add
IDR / PGK
Previous close
0.00025
Market news
About Indonesian Rupiah
The rupiah is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam. Sometimes, Indonesians also informally use the word perak in referring to rupiah in coins. The rupiah is divided into 100 cents, although high inflation has rendered all coins and banknotes denominated in cents obsolete.
The rupiah was introduced in 1946 by Indonesian nationalists fighting for independence. It replaced the Japanese-issued version of the Netherlands Indies gulden which had been introduced during the Japanese occupation in World War II. In its early years, the rupiah was used in conjunction with other currencies, including a new version of the gulden introduced by the Dutch. The Riau Islands and the Indonesian half of New Guinea had their own variants of the rupiah, but these were subsumed into the national rupiah in 1964 and 1971, respectively. WikipediaAbout Papua New Guinean Kina
The Kina is the currency of Papua New Guinea. It is divided into 100 toea. The name Kina is derived from Kuanua language of the Tolai region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country. Wikipedia