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Thursday, September 22, 2016

Indonesia Announces New Rupiah Currency

Indonesia Announces New Rupiah Currency

 

Bank Indonesia unveiled plans to introduce seven new banknote designs featuring national heroes, following the publication of Presidential Decree No. 31 on September 5, 2016.

On the new banknotes, the phrase of "Negara Kesatuan Republik Indonesia" (The Unitary State of the Republic of Indonesia) will replace the phrase "Bank Indonesia" according to The Jakarta Post.

 

National heroes to be featured on each new rupiah banknote:

  1. 1,000 Tjut Meutiah
  2. 2,000 M. H. Thamrin
  3. 5,000 K. H. Idham
  4. 10,000 Frans Kaisiepo
  5. 20,000 Gerungan Saul Samuel Jacob Ratulangi
  6. 50,000 Juanda Kartawidjaja
  7. 100,000 Soekarno and Mohammad Hatta

 

The national heroes were selected to celebrate the spirit of heroism, patriotism, and honorable attitude for the progress of the nation. 

In order to facilitate the identification of authentic Indonesian Rupiahs by the community and make it harder to counterfeit money, they will also aim to strengthen the safety and security.

Bank Indonesia is set to prepare the new designs soon, and will publish more updates on the process throughout the remainder of 2016.

 

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Posted By Jacquelyn McMullen @ceifx at 04:40 PM
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