Bank Indonesia pulling old rupiah banknotes issued in 1998 and 1999 by end of year

Old rupiah bank notes being pulled from circulation by the end of 2018. Photo: Bank Indonesia
Old rupiah bank notes being pulled from circulation by the end of 2018. Photo: Bank Indonesia

Indonesia’s central bank, Bank Indonesia (BI), is continuing its modernization of the rupiah, following the launch of new bank notes in 2016, with the pulling of some old ones.

As announced in a press release, BI is pulling the four banknotes seen above, which were issued in 1998 and 1999, and has given citizens until December 30, 2018 to exchange them with new bank notes.

The four bank notes are: IDR10K, issued in 1998 and features the picture of Cut Nyak Dien; IDR20K, issued in 1998 and features the picture of Ki Hajar Dewantara; IDR50K, issued in 1999 and features the picture of W.R. Supratman; and IDR100K, issued in 1999 and features the pictures of Soekarno and Hatta.

Citizens are able to exchange these bank notes for new ones at BI offices throughout Indonesia.

BI says it’s pulling old bank notes from circulation because they lack security features that prevent money from being counterfeited.

The new rupiah bank notes, for example, features the rectoverso technology, which a certain hardline cleric somehow accused as a way that the central bank can secretly fit communist symbols into the rupiah.

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