rupiah

noun ru·pi·ah \ rü-ˈpē-ə \

Updated on: 10 Apr 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

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
Yields that are about twice that of regional peers -- along with economic reforms -- have helped rupee and rupiah bonds reel in the cash this year.

— y-sing liau, Bloomberg.com, "Record Inflows Just the Start for Asia's Highest Yield Debt," 6 Sep. 2017
The Financial Services Authority is drafting a rule to allow offshore rupiah bonds, Deputy Commissioner Nurhaida said by text message on Monday.

— andrew janes, Bloomberg.com, "This Asian Country Is Betting on Its Giant Lizard Bonds," 11 Oct. 2017
Ten pieces of nota cost only 10,000 Indonesian rupiah (75 cents).

— Time, "‘A Tragic, Forgotten Place.' Poverty and Death in Indonesia's Land of Gold," 3 Aug. 2017
The rupiah has gained 0.9 percent against the dollar this year and was trading at 13,351 as of 10:40 a.m. in Jakarta on Wednesday.

— karlis salna, Bloomberg.com, "New Leaders Propel Indonesia, 20 Years After `Wrong Advice'," 4 July 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.

Origin and Etymology of rupiah

Malay, from Hindi & Urdu rūpaiyā rupee

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First Known Use: 1947

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RUPIAH Defined for English Language Learners

rupiah

noun

Definition of rupiah for English Language Learners

: the basic unit of money in Indonesia

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