The official currency of Indonesia is the Indonesian rupiah. Its ISO 4217 code is IDR and its symbol Rp., always written before the quantity. One Indonesian rupiah is divided into 100 sen (cents).
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Several Asian countries share the rupee denomination for their national currency: India (Indian rupee), Sri Lanka (Sri Lankan rupee), Pakistan, Nepal, Mauritius (Mauritian rupee), Seychelles and Maldives, as well as Indonesia.
Within the country, the Indonesian rupiah is also known as perak, an Indonesian word meaning “silver.” In fact, the word rupee is derived from the Sanskrit rup, which has the same meaning.
As of this update, December 27, 2023, the equivalence of the IDR currency to the euro is:
- 1 euro = 17,106 IDR rupees.
- 10,000 rupees = 0.58 euros
History of the Indonesian rupiah
Since the 9th century AD. In the territories that are currently part of Indonesia, gold and silver coins were minted, but when the first Europeans arrived in these lands in the 16th century, they found that the natives used rudimentary copper coins for their exchanges.
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During the centuries of Dutch colonial rule, silver duits and copper stuivers were used in Indonesia. Finally, in 1854 the Dutch Indies guilder was introduced.
In 1945, after World War II and after the occupation of the country by the Japanese, Indonesia declared its independence from Japan (which was finally recognized in 1949). One of the first measures adopted by the new government was to introduce its own national currency. This is how the Indonesian rupiah was born.
In principle, each new rupee was equivalent to half a gram of gold, although it was not a currency backed by metal reserves.
During the process of formation of the new state of Indonesia (between 1945 and 1950), local rupee banknotes were issued until the formal issuance of the unified Indonesian rupiah and the creation of Bank Indonesia in the 1950s.
Some Indonesian territories, such as the Riau Islands and the Indonesian half of the island of New Guinea, continued to use their own rupiah until the 1970s.
The chronic inflation that the country suffered for decades (in June 1998 the official exchange rate reached 16,800 IDR per dollar) led to the revaluation of the currency and the introduction of the so-called “new rupee” in 1992.
Indonesian rupiah coins
Currently there are Indonesian rupiah coins with the following values:
- Rp. 50
- Rp. 100
- Rp. 200
- Rp. 500
- Rp. 1,000
The lower value coins issued since the 1970s (1, 2, 5, 10 and 25 rupees) are still legal tender, although they are rare and practically not used due to their low exchange value in euros. This is because, remember, 10,000 rupees are equivalent to 58 euro cents.
Indonesian rupiah coins IDR
On the obverse of all Indonesian coins the country’s coat of arms invariably appears along with the legend Bank Indonesia in English and the year of minting.
On the backs the face value is shown along with some animal or plant species characteristic of the country with its name written in Indonesian: the oriole (Rp. 50), the cockatoo (Rp. 100), the Balinese starling (Rp. 200), the jasmine flower (Rp. 500) and the oil palm (Rp. 1,000).
The material used to mint Indonesian coins is aluminum, except for the highest value coin (Rp. 1,000), made with a cupronickel alloy.
Indonesian rupiah banknotes
Legal tender Indonesian rupiah banknotes have the following values:
- Rp. 1,000
- Rp. 2,000
- Rp. 5,000
- Rp. 10,000
- Rp. 20,000
- Rp. 50,000
- Rp. 100,000
Currently, there are several series of banknotes in force in Indonesia. The last known one is from 2022, but the complete series from 2016 and individual banknotes from previous series are also legal tender.
For example, the 100,000 rupee note from 2014 and 2011. The 50,000 rupee note from 2011 and 2005. The 20,000 rupee note from 2011. The 10,000 rupee note from 2010 and 2005 or the 2,000 rupee note from 2009.
Because of the problem of inflation, banknotes are much more used than coins in Indonesia.
The decorative scheme of all Indonesian rupiah banknotes is the same: a prominent historical figure on the obverse and one of the many traditional Indonesian dances on the reverse.
One thousand Indonesian rupiah banknote (Rp. 1,000)
The current Indonesian thousand rupiah banknote was released on August 17, 2022, measures 121 x 65 mm and is dedicated to Tjut Meutia.
Yellow in color, the one thousand Indonesian rupiah note shows on its obverse the figure of Tjut Meutia, a national heroine who fought against the Dutch. The national emblem of Garuda Pancasila also appears alongside images of the Indonesian archipelago, the mauve butterfly orchid (Dendrobium bigibbum) and various native Indonesian motifs.
1000 Indonesian rupiah banknote series 2022 obverse
The reverse features a performance of the traditional Tifa dance and a landscape of the island of Banda Neira, combined with the elegance of the Mauve Butterfly Orchid (dendrobium bigibbum). Additionally, various native Indonesian motifs adorn the reverse of the 1,000 rupee note.
1000 Indonesian rupiah banknote series 2022 Reverse
The exchange value of this note is about 6 euro cents as of the date of this post.
Two thousand Indonesian rupiah banknote (Rp. 2,000)
The two thousand Indonesian rupiah gray banknote was also released on August 17, 2022, measuring 126 x 65 mm and dedicated to Mohammad Hoesni Thamrin (1894-1941).
The obverse features the national hero of the Republic of Indonesia, Mohammad Hoesni Thamrin, as the main image. The national emblem of Garuda Pancasila also appears along with images of the Indonesian archipelago, the Champak flower (magnolia champaca) and various native Indonesian motifs.
2000 Indonesian rupiah banknote series 2022 obverse
The reverse depicts the Piring Dance in front of the natural beauty of the Sianok Valley, combined with the elegance of the Champak flower (magnolia champaca). Additionally, several native Indonesian motifs adorn the reverse of the 2,000 rupee note.
2000 Indonesian rupiah banknote series 2022 Reverse
The current exchange value of this note is about 12 euro cents.
Five thousand Indonesian rupiah banknote (Rp. 5,000)
The five thousand Indonesian rupiah gray banknote was also released on August 17, 2022, measuring 131 x 65 mm and dedicated to Doctor K.H. Idham Chalid.
The obverse depicts the national hero of the Republic of Indonesia, Dr. K.H. Idham Chalid, as the main image. The national emblem of Garuda Pancasila also appears along with images of the Indonesian archipelago, the spikenard flower (agave amica), and various native Indonesian motifs.
5000 Indonesian rupiah banknote series 2022 obverse
The reverse shows the Gambyong Dance in front of the natural beauty of Mount Bromo, combined with the elegance of the tuberose flower (agave amica). Additionally, several native Indonesian motifs adorn the reverse of the 5,000 rupee note.
5000 Indonesian rupiah banknote series 2022 Reverse
The current exchange value of this note is about 28 euro cents.
Ten thousand Indonesian rupiah banknote (Rp. 10,000)
The color chosen for the ten thousand Indonesian rupiah bill is purple. Like the previous ones, it was launched on August 17, 2022, measures 136 x 65 mm and is dedicated to the politician Frans Kaisiepo (1921-1979), originally from Papua. The airport in Biak (Papua) is named after him: Frans Kaisiepo International Airport (IATA: BIK), also known as Mokmer Airport.
The national emblem of Garuda Pancasila also appears along with images of the Indonesian archipelago, the Magnolia vrieseana flower and various native Indonesian motifs, such as Asmat Papua and Perisai Citak Asmat.
10000 Indonesian rupiah banknote series 2022 obverse
The reverse shows the Pakarena Dance in front of the natural beauty of Wakatobi National Park, combined with the elegance of the Magnolia Vrieseana flower. Additionally, the Ne’Limbongan Toraja and Pa’Barana motifs adorn the reverse of the 10,000 rupee note.
10000 Indonesian rupiah banknote series 2022 Reverse
The current exchange value of this note is about 56 euro cents.
Twenty thousand Indonesian rupiah banknote (Rp. 20,000)
The twenty thousand Indonesian rupiah green note was also launched on August 17, 2022, measuring 141 x 65 mm and dedicated to Sam Ratulangi (1890-1949), one of the architects of the country’s independence.
The obverse depicts the national hero of the Republic of Indonesia, Dr. Gerungan Saul Samuel Jacob Ratulangi (Sam Ratulangi), as the main image. The national emblem of Garuda Pancasila also appears along with images of the Indonesian archipelago, the black orchid (coelogyne pandurata) and various native Indonesian motifs.
20000 Indonesian rupiah banknote series 2022 obverse
The reverse shows the Gong Dance against the natural beauty of the Derawan Islands, combined with the elegance of the Black Orchid (coelogyne pandurata). In addition, various native Indonesian motifs adorn the reverse of the 20,000 rupee note.
20000 Indonesian rupiah banknote series 2022 Reverse
The current exchange value of this note is about 1.14 euros.
Fifty thousand Indonesian rupiah banknote (Rp. 50,000)
The blue fifty thousand Indonesian rupiah banknote was also released on August 17, 2022, measuring 146 x 65 mm and dedicated to Djuanda Kartawidjaja (1911-1963), the first Prime Minister of independent Indonesia.
The obverse portrays the national hero of the Republic of Indonesia, Ir. H. Djuanda Kartawidjaja, as the main image. The national emblem of Garuda Pancasila also appears along with images of the Indonesian archipelago, the Frangipani flower (plumeria rubra) and various native Indonesian motifs.
50000 Indonesian rupiah banknote series 2022 obverse
The reverse shows the Legong Dance against the natural beauty of the Komodo National Park, combined with the elegance of the Frangipani flower (plumeria rubra). In addition, various native Indonesian motifs adorn the reverse of the 50,000 rupiah note.
50000 Indonesian rupiah banknote series 2022 Reverse
The current exchange value of this note is about 2.30 euros.
One hundred thousand rupee banknote (Rp. 100,000)
The pink banknote of one hundred thousand Indonesian rupiah is the highest value of those issued by the Bank of Indonesia. It was also released on August 17, 2022, measures 151 x 65 mm and is dedicated to those who were respectively the first president and vice president in the country’s history: Soekarno and Mohammad Hatta.
The obverse shows the leaders of the Indonesian Proclamation of Independence, Dr. (H.C.) Ir. Soekarno and Dr. (H.C.) Drs. Mohammad Hatta, as the main image. The national emblem of Garuda Pancasila also appears along with images of the Indonesian archipelago, the lunar orchid (Phalaenopsis Amabilis) and various native Indonesian motifs.
100000 Indonesian rupiah banknote series 2022 obverse
The reverse shows the Betawi Mask Dance against the natural beauty of Raja Ampat, combined with the elegance of the Moon Orchid (Phalaenopsis Amabilis), known locally as Puspa Pesona. In addition, several native Indonesian motifs adorn the reverse of the 100,000 rupiah note.
100000 Indonesian rupiah banknote series 2022 Reverse
The current exchange value of this note is about 4.60 euros.
Euro to Indonesian rupiah exchange rate
The exchange rate of the euro against the Indonesian rupiah is prone to some variations. If you search on Google for “Euro-Indonesian Rupiah exchange rate” you will find dozens of websites like Oanda (“currency converters”) that offer a “rate” of the day.
You will also see this graph with the prices of that pair of currencies from Google Finance. Something like this (December 27, 2023)
Euro to Indonesian rupiah exchange rate Dec 27 2023
As you can see, the exchange rates have varied between 14,900 IDR to 18,000 IDR per euro during the last 5 years.
But it must be taken into account that this graph represents the value of the Indonesian rupiah “currency” against the euro, and not that of the paper currency (banknotes), which is lower.
In fact, in exchange offices in Spain you can buy Indonesian rupees at an exchange rate of around 14,925.37 IDR per euro and at any of the Spanish airports (Barcelona, Madrid, Alicante or Malaga), at around 11,624.53 Indonesian rupees per euro (Global Exchange). Nothing to do with today’s euro-Indonesian rupiah currency exchange rate of 17,106.39 rupees per euro in the foreign exchange market.
So, when you see these values on Google and other currency converters with your mobile, you should keep the following in mind:
-This is an unofficial rate, and therefore not reliable. That is, if you click on the “Disclaimer” link, you get this warning from Google Finance: “Google cannot guarantee the accuracy of the exchange rates displayed. Please confirm current rates before conducting a transaction that may be affected by changes in exchange rates.”
-These rates you see are usually wholesale prices of the Indonesian rupiah currency against the euro currency (currency and banknotes of the same currency are not the same).
-This rate can only be had between banks, that is, it is impossible to obtain it as an individual.
If you need Indonesian rupees in banknotes you will have to go through the retail banknote market (bank or currency supplier). This means that the rupees have had to be “transported” by someone for you to enjoy them (or purchased from travelers from Indonesia passing through Spain previously). And that has a cost.
That is to say, moving banknotes from one place to another has logistical costs that will make their selling price more expensive (the exchange rate that the person selling it to you will apply). Also, maintaining stock of banknotes of a currency such as the rupee has the risk of devaluation or appreciation with respect to the euro (what is known as exchange rate risk). For this reason, the Indonesian rupiah is scarce in Spain.
The Indonesian rupiah is not an abundant currency in Spain. As a result of its scarcity, its price is more expensive in Spain than in Indonesia. If you decide to buy Indonesian rupees in Spain, it is good to anticipate the purchase and order them online to get better rates.
Where to exchange Indonesian rupees
The three most popular places to exchange Indonesian rupiahs in Spain are banks, currency suppliers and suppliers at the airport.
Of them, the least advisable place to buy is the airport and any business that charges you a commission in addition to an “exchange margin” (difference between the price for which you paid the currency and the price for which it is sold to you).
For their part, none of the big Spanish banks (Santander, Caixabank, BBVA, Sabadell) sells Indonesian rupees today.
Euro to Indonesian rupiah exchange rate today
To know the euro-Indonesian rupiah exchange rate, the best thing you can do is use our currency comparator.
- Exchange euro to Indonesian rupiah (EUR-IDR)
- Indonesian rupiah to euro exchange rate (IDR-EUR)
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