Pound Sterling to Indonesian Rupiah — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

The Indonesian rupiah (Rp) is a currency issued and accepted for payment in Indonesia. It is abbreviated to IDR. A local abbreviation – Rr – is also placed on notes.

Sen, a coin of a smaller denomination, is used for change. One rupiah has 100 sens. The coin was removed from circulation in the 60s of the past century, and sen is only used in cashless operations. The currency was issued in Indonesia since 1945. For some time, it was used along with other currencies – the Netherlands Indies gulden and the Japanese occupational rupiah. In 1930s, a large-scale financial crisis led to the collapse of rupiah and resignation of president Haji Suharto.