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Bank Indonesia to withdraw four banknotes from 1998 issue JAKARTA - As of 31 December 2008, four banknotes which were issued in 1998, are no longer valid tender in Indonesia. The banknotes are officially withdrawn at the end of the year since they have been replaced by new ones in recent years. The banknotes that are withdrawn are the 10.000 Rupiah banknote with the image of Cut Nyak Dhien, the 20.000 Rupiah banknote with Ki Hajar Dewantara, the 50.000 Rupiah banknote with WR. Soepratman and the 100.000 Rupiah banknote with Soekarno and Hatta. The last one is made from polymer, not to be mistaken with the paper one, which will still be valid.

The money is withdrawn because it has been in circulation for quite some time now. Technology features for security have been updated in recent years, which causes this money to be more easy to falsify than the newer banknotes. The banknotes can still be used as legal tender until the end of the year. After that they can be exchanged for new banknotes at banks until 31 December 2013. After that they can onl be exchanged at branches of Bank Indonesia until 31 December 2018.

The 10.000 Rupiah banknote issued in 1998 that will be withdrawn from circulation. &copyright; indahnesia.com
The 10.000 Rupiah banknote issued in 1998 that will be withdrawn from circulation. ©right; indahnesia.com

Current banknotes and coins in Indonesia
· Money in Indonesia



Posted in General @ 01 December 2008 05:07 CET by Jeroen · 'Blog' RSS feed · permalink






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