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Tuesday, February 14, 2017

Indonesia Zeroes In on Currency, 14 FEB

By I MADE SENTANA   Jan 23, 2013 SGT

JAKARTA – Dutch tourist Margaret Masteling didn’t know one of her most memorable sights in Indonesia would be right on its bank notes. The rupiah has zeros – lots of them.

“At first it was confusing to see many zeros,” Masteling said in a hotel lobby here. “But I got used to it after a few days.”

All the zeros can be dizzying to a tourist being asked for 20,000 rupiah for a tall Starbucks Americano (about $2). And, the government says, all those zeros slow down cash transfers and hurt the Southeast Asia country’s global image.

That may change soon.

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http://blogs.wsj.com/indonesiarealtime/2013/01/23/indonesia-zeros-in-on-currency/

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