Why did Indonesia use a separate currency for West Irian before 1973?

Upvote:3

The Indonesians did this in several parts of the country where people were used to "stronger" foreign currencies. For instance, in parts of Borneo that had formerly used British-Malayan currency, the Indonesians issued the Riau rupiah that was pegged to the U.S. dollar, and therefore a stronger currency than the Indonesian rupiah that was not so pegged. The West Irian Rupiah was indirectly pegged to the Dutch currency.

This was a transition mechanism to get people of these outlying regions used to trading Indonesian-like "rupiahs" that had "temporary" (for some years) protection against the devaluation of the "real" rupiah. Such protections were withdrawn in 1973, a good time to do so, when high oil prices helped support the Indonesian rupiah. That put the people of these territories on an equal footing with other Indonesians.

Tom Au 104013

📝 Did WW1 produce a "Baby Boom" like demographic effect in USA or elsewhere?
📝 Who were the four US Federal Deputy Marshals escorting Ruby Bridges?
📝 Was the American Civil War the first to include multiple multi-day battles?
📝 How many times did Germany try to negotiate a peace in WW2?
📝 Was FDR right that a garden hose was really $15 in 1940 (c.a. $300 today)?
📝 How did steppe-nomad military tactics change in response to widespread firearms in the 18th/19th centuries?
📝 Has there been an occasion where ranged weapons were available but not used?
📝 How did pilots know when to release bombs on airplanes during World War2?
📝 Did Demosthenes complain about inflation of prices in philippics?
📝 Increment of workers in agriculture during periods of economical crisis
📝 Is the position of women as portrayed in the Mad Men series historically accurate?
📝 Who is on the Nazi 2 Reichsmark coin?
📝 What do these artillery shell stamps indicate?
📝 How were heavily armored Cataphracts killed?
📝 How did Nansen plan to get home from the Fram expedition?
📝 Who is 'Ebinichibel' mentioned in the Borgia Map?
📝 What is this war machine shown on Trajan's column?
📝 Can someone identify this military uniform?
📝 Why did slave dealers and buyers in the Antebellum South especially value enslaved persons with "good teeth" and "good front teeth"?
📝 Is 529 the largest simultanious death penalty verdict ever?
📝 What time was it in Dawson Creek, BC at 1900-01-01 00:00:00 +0000?
📝 Why does US currency have a 25 cent piece and a 20 dollar bill instead of a 20 cent piece or 25 dollar bill?
📝 How did an English person get entry to East Germany during the Cold War?
📝 Why did British Gen. Frank Messervy oppose the invasion of Kashmir?
📝 Could China be considered a 3rd side during World War 2?
📝 What are the most famous individual toys in modern history?
📝 Did the HEIC operate in the West Indies as well as the East Indies?
📝 What campaigns did the Mexican army fight against American Indians in the North?
📝 How can I find the most complete list of the names of Kaytn Massacre victims?
📝 Was Nobunaga the founder of 3 lines of riflemen formation?

Source: stackoverflow.com

Travel Tips

Search Posts

📝 Why did Indonesia use a separate currency for West Irian before 1973?
📝 Why did Chinese use high tin bronze for swords?
📝 Before iron was common, what did common people use for door hinges?
📝 What did farmers/laborers use for boots before modern rubber existed?
📝 Did pagan tribes in the Arab peninsula use bells for superstitious or religious reasons before and with the introduction of Islam?
📝 Why did the Government of India Act create separate electorates for the depressed classes?
📝 Why exactly did telegraphs have to use "STOP" instead of a period and "QUOTE" instead of a quotation mark? (Or special codes.)
📝 Why did Britain not purchase Alaska when Russia had it up for sale?
📝 Why did the Germans use the Enigma machine rather than the far superior "Lorenz" cipher machine?
📝 Why did Hitler not order the use of poison gas in combat?
📝 Why did only the English adopt, evolve and use the longbow en masse in war?
📝 When and why did the use of the lifespans of royalty to limit clauses in contracts come about?
📝 Why did the grip-centered viking shield fall out of use relative to the kite shields?
📝 Why did Roosevelt and Churchill use voice-based telecommunication, instead of simpler text-based options which were easier to encrypt?
📝 Given their reputation for fighting to the last man in the Pacific, why did 700,000 Japanese troops surrender in Manchuria?
📝 Historically, why did the US station their nuclear weapons in Germany for delivery through German pilots?
📝 Why did it take so long for Europeans to adopt the moldboard plow?
📝 Why did England consistently adopt red as their primary colour for insignia and uniform?
📝 Why does the US use the opposite convention to the rest of the world for colour-coding harbour buoys?
📝 Why did really old paintings use such bizarre, unnatural perspective/proportions?
📝 Why did it take over 100 years for Britain to begin seriously colonising America?
📝 Why did Canada, Australia and New Zealand separate from the UK?
📝 Why did the island of Bali remain Hindu when most of the rest of Indonesia converted to Islam?
📝 Why did Stalin push for the Great Purge against the Red Army in 1936?
📝 Why did the Arabs start the 1973 War during Ramadan, and did it affect their performance?
📝 Is there a historical source that might explain why so many countries use 35 as a minimum age for the president / the highest office person?
📝 Why did it take so long for the Germans to develop the first tank model in World War I?
📝 Why did so few militaries use semi automatic rifles as their standard issue infantry weapon?
📝 What numerals did the people of Ireland use before Roman Numerals? (aka, did Ogham include numbers?)
📝 Why did JFK give approval for the CIA to encourage Diem's deposal?

Why did Indonesia use a separate currency for West Irian before 1973?

More post

Search Posts

Related post