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The first currency in Indonesia is the one -wild bills issued by the Dutch East Indies government in 1815.
© Chloroformzt Official - Est 2009
10 Interesting Fact About The history of currency
10 Interesting Fact About The history of currency
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The first currency in Indonesia is the one -wild bills issued by the Dutch East Indies government in 1815.
During the Japanese colonial period, banknotes with Sen Denominations were introduced for the first time in Indonesia.
In 1950, the rupiah became the official currency of Indonesia after being used as a substitute currency during the independence period.
During the Soekarno reign, a paper money was issued with a very large denominations, which was 100,000 rupiah.
In 1998, there was a monetary crisis in Indonesia which made the value of the rupiah drop dramatically until it reached 17,000 rupiah per US dollar.
In 2016, Bank Indonesia issued new banknotes with pictures of national heroes, such as Soekarno, Hatta, and Kartini.
In 2020, Bank Indonesia issued new banknotes with pictures of Indonesian flora and fauna, such as Raflesia flowers and birds of paradise.
During the royal era, valuable objects such as gold, silver, and gems were also used as a medium of exchange.
Before the paper money, people in Indonesia used a barter system to conduct trade transactions.
In ancient times, coins with unique forms, such as coin money with central holes, were used as a medium of exchange in Indonesia.
