History of the Indonesian rupiah exchange rate with the US dollar from about 14,600 rupiah to 14.6. The plan has raised public concern that the monetary policy may devalue the currency. Bank Indonesia Governor Darmin Nasution immediately announced that the planned redenomination of the national currency would not inflict any financial losses as the measure would only strike a few zeros from the current denominations. History of the Indonesian rupiah The currency of Indonesia, rupiah, has a long history that stretch back to colonial period. Due to periods of uncertain economy and high inflation, the currency has been re-valued several times. The first coin-like products
National Monument (Indonesia) National Monument (Indonesia) The National Monument (, abbreviated Monas) is a 132 m (433 ft) tower in the centre of Merdeka Square, Central Jakarta, symbolizing the fight for Indonesia. It is the national monument of the Republic of Indonesia, built to commemorate the struggle for Indonesian independence. Construction began in 1961 under the direction of President Sukarno. Monas was opened to the public in 1975. It is topped by a flame covered with gold foil. The monument and the museum are open daily from 08.00 until 16.00 Western Indonesia Time (UTC+7) throughout the week except for the Mondays when the