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10 000 Rupiah Red

Issuer Bank Indonesia
Year 1964
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Value 10 000 Rupiah (10 000)
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Obverse description Central vignette at left presents two fishermen handling rigging aboard a traditional sailing vessel, rendered in intaglio against a fine guilloche underprint. At upper centre, the issuer name BANK INDONESIA is printed in bold letterpress, with the denomination SEPULUH RIBU RUPIAH in large display type occupying the centre field and the year 1964 below. An ornate circular guilloche rosette with a laurel-wreath border occupies the right panel, flanked by decorative scroll borders at each side.
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Protection type Watermark
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By 1964, Indonesia's money supply was expanding far beyond what the economy could absorb. Sukarno's "Guided Economy" policy had effectively subordinated monetary discipline to political ambition, and Bank Indonesia was issuing high-denomination notes at a pace that rendered them nearly worthless within months of printing. This 10,000 Rupiah note was part of that inflationary spiral — a denomination that would have seemed extraordinary just a few years earlier but was becoming routine by mid-decade.

Percetakan Kebayoran was the state printing works established in the early 1950s to give Indonesia domestic control over its currency production, reducing dependence on foreign security printers. The 1965 currency reform ultimately slashed the rupiah by a factor of 1,000, making this note redeemable for exactly 10 new sen.

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