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
Currency of Venezuela The need for a uniform national coinage was great, but the economic situation was unfavorable and it proved impossible to erect a mint at this time. Foreign coins were given new ratings. The currency in circulation was generally in poor condition, and larger sums were weighed rather than counted. A decree of December 3, 1870 ordered all coins accepted by tale, no matter what their condition, but sellers either continued to weigh coins or else they raised prices. "El Banco de Londres y Venezuela, Limitado" was established at Caracas January 1, 1865 with a capital of £500,000 sterling. It was