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Under Indonesian law originally enacted by the Dutch, the government was responsible for the issue of money with values below Rp5 (in Dutch times gulden), and hence all coins bore the name of Indonesia, rather than the central bank. The denominations were Rp0.01, Rp0.05, Rp0.10, Rp0.25 and Rp0.50.
The Indonesian one thousand rupiah coin (Rp1,000) is a coin of the Indonesian rupiah. It circulates alongside the 1,000-rupiah banknote. It circulates alongside the 1,000-rupiah banknote. First introduced on 8 March 1993 as bimetallic coins , they are now minted as unimetallic coins, with the first of its kind appearing in 2010 and its latest ...
The price of the certificates quickly reached 332% of face value by April 1958, i.e. Rp38, a rate at which the government chose to end the free market, fixing the price at 332% of face value. The currency devaluation of large notes in 1959 had the official exchange rate devalued to Rp45 as of August 1959.
(1960-dated Bank Indonesia notes of Rp5, Rp10, and Rp100 rupiah were already circulating in Irian Jaya and the Riau Islands along with 1961-dated Republik Indonesia notes of Rp1 and Rp2½ in those same places). To complete the redenomination process, older notes with values from Rp500 through Rp10,000 were withdrawn throughout 1965 and 1966.
Fewer than 1,800 of these coins were ever produced, and one expert puts the number of remaining coins at between 120 and 130, so it’s quite rare. The coin sold at auction for $12 million in 2022. 2.
The consequence of the new Act was that old Dutch coins would be void for payment, [5] and Indonesian rupiah coins would be issued with values of 1, 5, 10, 25, and 50 sen under the remit of the Indonesian government. Low-denomination Dutch banknotes were to be withdrawn in due course.
The Indonesian five hundred rupiah coin (Rp500) is a denomination of the Indonesian rupiah. It was introduced in 1991 and has since been revised three times in 1997, 2003, and 2016. It currently has the second-highest value of all circulating rupiah coins after the Rp1,000 coin. As of December 2023, only alumunium 500 rupiah coins, dated 2003 ...
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