Weakening IDR

[snpark]

19-Apr-2024 / 15:05 WIB

USD​ 16.257,00​ 16.287,00​ SGD​ 11.941,53​ 11.955,38​ EUR​ 17.323,36​ 17.342,52​ AUD​ 10.439,16​ 10.450,83​

 

[Banana72]

Not sure how much of it was valid but had a casual dinner at a friend's house a couple weeks ago....normally after a couple bottles of wine people started sharing stories...one guy happens to be in the mining business and dealing with the government quite a bit. Since somebody brought up the infamous 271T tin mining industry, he started saying that...often times, when making certain 'fees' (anything from speeding up documentation process down to the signing of the permit), US dollar is one of the preferred currency...cold, hard cash of course. Much easier and less obvious to handle than bringing five duffle bags of rupiahs to either a hotel or somebody's residence...

 

[snpark]

Also 500euro notes or even $10,000 SG
I keep hearing rumours they will stop the pink 500 Euro since "only money launderers use them" lol

But it's true - 50,000 euro in 500 is thinner than an iphone and easy to keep in a breast pocket or such
$50,000 is 5 bricks so thats like 3-4 inches thick, needs a satchel

Now imagine that in IDR 800jt assuming you can even get all 100's

80 bricks is a duffle bag

Moral of the story don't rob a bank, rob a money changer

 

[MamangDudul]

Also 500euro notes or even $10,000 SG
I keep hearing rumours they will stop the pink 500 Euro since "only money launderers use them" lol

But it's true - 50,000 euro in 500 is thinner than an iphone and easy to keep in a breast pocket or such
$50,000 is 5 bricks so thats like 3-4 inches thick, needs a satchel

Now imagine that in IDR 800jt assuming you can even get all 100's

80 bricks is a duffle bag

Moral of the story don't rob a bank, rob a money changer

As far as I know the 500euro notes are out of production already, just the circulating ones are still tolerated. Or was that what you meant? That they won't accept any 500 euro notes anymore?

 

[snpark]

I think they stopped printing new ones and when the banks get them, they keep them back and don't release them back into the system


Old ones of course still legal tender

 

[MamangDudul]

I think they stopped printing new ones and when the banks get them, they keep them back and don't release them back into the system


Old ones of course still legal tender

Yes I think that's what's happening.

 

[Shadrach]

I think they stopped printing new ones and when the banks get them, they keep them back and don't release them back into the system


Old ones of course still legal tender

That sounds like what happened in America! When you brought in Gold, or Silver coins, they were gone forever! Where did they go?

 

[snpark]

Euro higher and higher

26-Apr-2024 / 11:24 WIB

USD​ 16.220,00​ 16.240,00​ SGD​ 11.921,20​ 11.935,05​ EUR​ 17.392,20​ 17.411,41​ AUD​ 10.577,70​ 10.589,47​

 

[snpark]

28-Mei-2024 / 09:32 WIB

USD​ 16.085,00​ 16.105,00​ SGD​ 11.934,26​ 11.948,22​ EUR​ 17.492,05​ 17.506,53​ AUD​ 10.721,38​ 10.733,26​

 

[snpark]

17506 ! nice

 

[nd_eric_77]

I am hoping for the USD to weaken a little before payday since I want to purchase some before I visit the US next month

 

[MamangDudul]

Yeah it's not nice if you actually wanna change IDR into something else.

 

[snpark]

now 17516

 

[snpark]

Yeah it's not nice if you actually wanna change IDR into something else.

It was nice for you a year ago then lol
Now is my turn

 

[MamangDudul]

It was nice for you a year ago then lol
Now is my turn

Actually it was never nice for me, I always have to change when it's either too high or too low.

 

[Banana72]

Indonesian stocks (banks for sure) have been in the tank lately too.

 

[jstar]

With all these holidays, the stock market has barely been open, Banana…

 

[Banana72]

With all these holidays, the stock market has barely been open, Banana…

Hope it will pick up after it becomes 'ramai' again lol

 

[snpark]

30-Mei-2024 / 10:47 WIB

USD 16.235,00 16.255,00
SGD 12.001,01 12.014,96
EUR 17.530,08 17.549,38
AUD 10.728,77 10.742,25

 

[nd_eric_77]

30-Mei-2024 / 10:47 WIB

USD 16.235,00 16.255,00
SGD 12.001,01 12.014,96
EUR 17.530,08 17.549,38
AUD 10.728,77 10.742,25

As usual, IDR tanks just in time for payday. sigh