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10 000 Rupiah

Issuer Bank Indonesia
Year 1964
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Value 10 000 Rupiah
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Protection type Watermark
Protection description Blank oval watermark area visible on both obverse and reverse within decorative cartouche frames.
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Comments

By 1964, Indonesia was deep into Sukarno's "Guided Economy," a period of chronic inflation and money-printing that rendered high denominations nearly worthless almost immediately after issue. This 10,000 Rupiah note was printed domestically by Percetakan Kebayoran — one of the few developing-world presses of that era capable of producing currency in-house — a point of national pride for Sukarno's government, regardless of the monetary chaos surrounding it.

The series was superseded by the catastrophic 1965 redenomination, in which 1,000 old rupiah were converted to 1 new rupiah, effectively wiping out the face value of notes like this one overnight.

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