This note was introduced in 1998, the year Indonesia's economy collapsed under the weight of the Asian financial crisis — the rupiah lost roughly 80% of its value against the dollar in under twelve months, and the IMF bailout package came attached to austerity conditions that triggered the riots ending Suharto's 32-year presidency. A 10,000 rupiah note that could buy a reasonable meal in early 1997 was worth a fraction of that by mid-1998.
Perum Peruri, the state security printing works established in Karawang in 1971, has handled Indonesian banknote production throughout this series. The relatively modest security specification — watermark only at this level — reflects the denomination's diminished purchasing power by the time the series closed in 2005.
This note was introduced in 1998, the year Indonesia's economy collapsed under the weight of the Asian financial crisis — the rupiah lost roughly 80% of its value against the dollar in under twelve months, and the IMF bailout package came attached to austerity conditions that triggered the riots ending Suharto's 32-year presidency. A 10,000 rupiah note that could buy a reasonable meal in early 1997 was worth a fraction of that by mid-1998.
Perum Peruri, the state security printing works established in Karawang in 1971, has handled Indonesian banknote production throughout this series. The relatively modest security specification — watermark only at this level — reflects the denomination's diminished purchasing power by the time the series closed in 2005.