10 000 Rupiah Red

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.