rupiah

noun ru·pi·ah \ rü-ˈpē-ə \

|Updated on: 21 May 2018

Definition of rupiah

plural rupiah or rupiahs

the basic monetary unit of Indonesia — see Money Table

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Recent Examples of rupiah from the Web

Of the 13 Islamic banks run as separate entities from their conventional parents, none is in category 4—banks with capital above 30trn rupiah, which are permitted to operate globally.

— The Economist, "The world’s biggest Muslim country wants to boost sharia finance," 10 May 2018
In Asia, the Indonesian rupiah pared back steep falls to end 0.2% lower, while the South African rand retraced its losses to finish up 0.1%.

— olga cotaga, WSJ, "Trump’s Iran Decision Adds Volatility to Emerging-Market Currencies," 9 May 2018
In that year 178trn Indonesian rupiah ($15bn) were allocated to infrastructure in the state budget.

— The Economist, "Indonesia’s leader, Jokowi, is splurging on infrastructure," 5 May 2018
The bank was still able to trade government bonds and the rupiah and to underwrite stock and debt for private companies.

— ben otto, WSJ, "JPMorgan Returns to Indonesia’s Good Graces," 30 Apr. 2018
Bank Indonesia held its benchmark interest rate for a sixth straight month last week, with its attention firmly on the rupiah instead.

— karlis salna, Bloomberg.com, "Forged in Crisis, Newest Asian Central Bank Chief Comes Prepared," 28 Mar. 2018
The advance against the dollar was led by Malaysian ringgit at 2.7 percent, followed by the Thai baht at 2.2 percent and Indonesian rupiah at 1.8 percent.

— lilian karunungan, Bloomberg.com, "Asian Currency Gains Could Fuel the Rally in Local Bonds," 18 Jan. 2018
One of the cafes used bitcoin only for transactions of more than 243,000 rupiah, or about 0.001 bitcoin.

— reuters, Fortune, "A 'Haven for Bitcoin' Is Considering a Cryptocurrency Crackdown," 19 Jan. 2018
While JPMorgan subsequently upgraded Indonesia’s stocks in January, the government maintained the ban on the bank as an underwriter of its rupiah and dollar bonds.

— tassia sipahutar, Bloomberg.com, "Indonesia May Lift Curbs on JPMorgan's Government Business," 30 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'rupiah.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.