Word: rupiah
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...scholarly Colonel Barlian in South Sumatra also went into the business of army-managed barter and invested the profits in schools, roads, barracks. The operation was scrupulously honest. When Djakarta challenged Simbolon's operations, he produced bank records to show that he had not diverted a single rupiah...
...dinars and pyas fit into the day-today operations of TIME'S International Editions. "We have a market for our magazine in 180 different countries," Ryus explained. "We sell TIME for kroner, drachmai, rials-about 120 currencies all told. Two of the newest mediums of exchange are the rupiah of Indonesia and the hwan of Korea." Few of these odd currencies cross Ryus' desk directly, since normally TIME International subscription orders, paid for in local currencies, are cleared through branches of world banks, such as New York's National City, Holland's Amster-damsche Bank, Italy...
Into the Future. Last week Indonesia abolished foreign exchange certificates, but made it clear that it had planned to do this anyway, with or without Schacht. It also devalued Indonesia's rupiah by two-thirds, against Schacht's advice...