Why is Indonesian rupiah so cheap?

Due to the low value of the (older series) notes below 1,000 rupiah, although they are no longer being circulated, some remain in use in increasingly poor condition, as low denomination uang pasar (literally “market money”), outside the banking system for use in informal transactions.

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.

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.

Is Indonesian rupiah cheap?

By western standards, Indonesia is an extremely cheap country to live or travel in. … As a rough guide to the costs of staying in Indonesia, some typical prices of useful items are quoted below. The exchange rate is approximately 1 USD = 9,000 Rupiah, 1 GBP = 16,000 Rp or 1 EUR = 11,000 Rp.

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How much is $1 US to Indonesian Rupiah?

Convert US Dollar to Indonesian Rupiah

USD IDR
1 USD 14,393.5 IDR
5 USD 71,967.5 IDR
10 USD 143,935 IDR
25 USD 359,838 IDR

What can I buy with 5000 rupiah?

Rp 5,000. A 5,000 bill will get you a medium bottled water or a couple of traditional snacks from the market. This note will also be enough to pay the fare for most minivan buses or intercity bus routes.

What can you buy with 1 dollar in Thailand?

Thailand: What a Dollar Can Buy You

  • Four liters of drinking water (1 gallon), or 1.5 liters of sparkling water.
  • One hour of talking time on your cell phone within Thailand using the 1-2-Call SIM card. …
  • Local English-language newspaper such as the Bangkok Post (compare that to the Times of India for $0.06)

What can you buy with 1 dollar in Vietnam?

Vietnam: What a Dollar Can Buy You

  • 1 day of bicycle rental.
  • 2 Vietnamese coffees with sweet condensed milk.
  • 15 minutes of air time on a Mobifone sim card.
  • 1 bowl of pho bo.
  • 1 small load of laundry.
  • 250 grams of candied ginger.
  • 1 Chinese lantern made of bamboo and fabric.
  • 40 quail eggs.

How much money do you need per day in Indonesia?

You would probably want to set aside 3-5 USD per day for these. For backpacking budget and low-cost travel in Indonesia, you can go by as low as 25 USD per day and if you splurge some for tours and luxuries, if may go up to around 35 USD a day. Therefore, the daily travel budget in Indonesia is 25-35 USD per day.

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How much money do I need for 2 weeks in Bali?

So, a trip to Bali for two people costs around Rp12,910,957 for one week. A trip for two weeks for two people costs Rp25,821,915 in Bali. If you’re traveling as a family of three or four people, the price person often goes down because kid’s tickets are cheaper and hotel rooms can be shared.

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.

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