Banknotes of The Rupiah - Formation of Bank Indonesia From De Javasche Bank: Second Republik Indonesia Banknotes - 1965–1968: First Series of Banknotes ('Soekarno') of The 'new Rupiah'

1965–1968: First Series of Banknotes ('Soekarno') of The 'new Rupiah'

The hyperinflation of the early 1960s resulted in the pronouncement of the 'new rupiah' supposedly worth 1,000 of the old rupiah.

The withdrawal of the old money meant the issue of an entirely new set of banknotes, by Presidential decree of 13 December 1965. The decree authorised Bank Indonesia to issue fractional notes for the first time (although the 1 and 2½ rupiah notes were still issued by the government itself), in denominations of 1, 5, 10, 25, and 50 sen showing 'Volunteers', dated 1964. Due to the fact that the rupiah was only devalued about 10, rather than 1000 times, they were worthless on issue, and many millions of notes never entered circulation.

The remaining notes all featured President Soekarno on the obverse, and various dancers on the reverse; this series was issued by 'Republik Indonesia' in 1 and 2½ rupiah, dated 1964, and Bank Indonesia dated 1960, in 5, 10, 25, 50, and 100 rupiah were issued ('1960'-dated Bank Indonesia notes of 5, 10, and 100 rupiah were already circulating in Irian Barat and Riau, along with '1961'-dated 'Republik Indonesia notes of 1 and 2½ rupiah in those same places); the notes from 500 to 10,000 rupiah were deemed unnecessary due to the devaluation.

To complete the devaluation, older notes (largely worthless by this point) were withdrawn over 1965–1966.

By 1967, due to the limited nature of the devaluation, it had proved necessary to add 500 and 1,000 rupiah notes, in the same design.

Notes of the 'New Rupiah' (1965 devaluation), Republik Indonesia
Image Value Dimensions Main Colour Description date of
Obverse Reverse Obverse Reverse Serial Signature Printer's mark Watermark Note issue withdrawal replacement note
1 rupiah 121 × 60 mm Red Soekarno with sugar cane Balinese female dancer 2 letters, 6 numbers (no printer mark); 3 letters 6 numbers (otherwise) Soemarno Pertjetakan Kebajoran, P.N. Pertjetakan Kebajoran, or no mark Garuda Pancasila '1964' 13 December 1965 8 January 1968 - as Bank Indonesia These are the Last government notes in Indonesia
2½ rupiah 119 × 60 mm Blue Balinese female dancer 2 letters, 6 numbers (no printer mark); 3 letters 6 numbers (otherwise) Pertjetakan Kebajoran, or no mark
Notes of the 'New Rupiah' (1965 devaluation, plus 1967 denomination additions), Bank Indonesia
Image Value Dimensions Main Colour Description date of
Obverse Reverse Obverse Reverse Serial Signatures Printer's mark Watermark Note issue withdrawal replacement note
1 sen 104 × 52 mm Green Man wearing paddy hat Spiral patterns 3 letters, 6 numbers Governor: Jusuf Muda Dalam; Director: Hertatijianto Pertjetakan Kebajoran None '1964' 13 December 1965 Never withdrawn Worthless upon issue, never replaced as coin or note
5 sen Violet Man with peaked cap and 'Suklarelawan' (volunteer) badge 15 November 1996
10 sen Green
25 sen Red Man with hat and 'Suklarelawan' (volunteer) badge
50 sen Purple
5rp 135 × 67 mm Violet Soekarno, with sugar cane Female Balinese peopleBalinese dancer 3 letters, 6 numbers Governor: Soetikno Slamet; Director: Indra Kasoema Pertjetakan Kebajoran Soekarno, replaced by buffalo from 30 August 1966 '1960' 1 September 1971 13 January 1969
10rp 140 × 70 mm Brown 2 female Balinese dancers 3 letters, 6 numbers Soekarno 15 April 1968
25rp 147 × 73 mm Green Female Balinese dancer showing hands 3 letters, 6 numbers (Pertjetakan); 1/2/3 letters, six numbers (Thomas De La Rue) Thomas De La Rue until 25 July 1966, then Pertjetakan Kebajoran Soekarno (Thomas De La Rue); Buffalo (Pertjetakan Kebajoran) 13 January 1969
50rp 158 × 77 mm Black Hindu female Balinese dancer with 2 gamelan players Thomas De La Rue until 30 August 1966, then Pertjetakan Kebajoran
100rp 158 × 79 mm Red-brown Batak male and female dancer 3 letters, 6 numbers Pertjetakan Kebajoran Soekarno
500rp 165 × 82 mm Green Javanese dancers 1/2/3 letters 4 numberes (TDLR), 3 letters six numbers (PK) Thomas De La Rue/Pertjetakan Kebajoran First Printings: Soekarno (Thomas De La Rue), Buffalo/Soekarno (Pertjetakan Kebajoran); 1968 reprint Garuda (Pertjetakan Kebajoran) 20 February 1967
1000rp 171 × 87 mm Black 2 Balinese dancers Soekarno (Thomas De La Rue - first printing), Buffalo (Pertjetakan Kebajoran - 1968 reprint)
2500rp Thomas De La Rue Unissued specimens
5000rp Black

Read more about this topic:  Banknotes Of The Rupiah, Formation of Bank Indonesia From De Javasche Bank: Second Republik Indonesia Banknotes

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