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 costume of Indonesia to the Turkish-Egyptian "fez". In Indonesia, the black velvet peci has become the national headdress with secular nationalist connotations made popular by Sukarno. A number of Indonesian nationalist movement activists in the early 20th century, such as Sukarno, Muhammad Hatta and Agus Salim, wore a peci to convey their nationalistic sentiments and to demonstrate their Indonesian identity. Indonesian male presidents always wear a "peci" as part of their official presidential attire. Since then, the black velvet "peci" is approved to be the national head-dress for Indonesian men. It is worn all over Indonesia, especially by government officials and men (usually