Tag Archives: Currency

Indonesia has become the second country after Vietnam that use floating currency with a high value for money. Vietnam currently has the highest fraction of 500 000 Vietnamese Dong while the second position is Indonesia which has the highest fractional currency that is 100 000 IDR.

BI (Bank Indonesia) that regulate the financial system of Indonesia will perform simplification Indonesian currency or Redenomination which cut the value of fractional digits from the currency as much as three digits. Fractional 1000 IDR will become 1 IDR. Obviously with the same value for purchasing.