The colorful currency in Bali is the Indonesian rupiah (pronounced “rue-pee-ah”), usually abbreviated as (Rp) or less often (Rs). Prices are typically written with the abbreviation before the amount (e.g., Rp 10.000, or in some instances, Rp 10K). The official currency code for the Indonesian rupiah is IDR.
How is IDR written?
IDR is the unique currency code of the Indonesian rupiah under ISO code 4217. The rupiah is made up of 100 sen, and is often presented with the symbol or abbreviation Rp.
Does Indonesian rupiah have decimals?
This currency does not have any decimal places.
Is $100 a lot of money in Indonesia?
In Indonesia, USD $100 Can Get You:
10-15 days’ worth of three square meals from a cheap Indonesian warung, eating nasi campur (mixed rice); 5-8 days’ worth eating at Westernized or mid-range restaurants. About 60-80 beers. 1-3 one-way budget airline trips from Jakarta to Bali.
Why is Indonesian rupiah so low?
One domestic factor behind the weakening of the rupiah is the lower-than-expected growth of Indonesia’s gross domestic product (GDP) as a result of sluggish consumer demand. … A major external factor in the weakening of rupiah is the aggressive decisions of the Federal Reserve (the Fed) to raise interest rates in the US.
Why is the Indonesian rupiah so weak?
The Indonesian rupiah is the worst-performing Asian currency so far this year — and that weakness stems from the government’s decision to have the central bank partly fund its expanding budget deficit.
How much cash can I bring to Indonesia?
Currently, there is no ceiling on the amount of foreign bank notes that are carried into Indonesia although authorities require cash worth more than IDR 100 million (approx. USD $7,500) to be declared when arriving in Indonesia.
Is Indonesia expensive to visit?
Is Indonesia an expensive country to travel around? No. … For more comfortable budget travelling it is probably best to plan about $20 a day. For luxury items prices go up very rapidly meaning they are comparatively more expensive than in western countries.
Is Indonesia cheap to live?
Indonesia is currently the 42ndmost affordable nation out of 138 countries, with a cost-of-living index of 37.44. This means it is slightly cheaper than countries like Argentina, Vietnam, Ecuador, Philippines, and South Africa.