50 000 Rupiah

Engraved by Mujirun, one of the few Indonesian-trained intaglio engravers to receive formal credit in the catalog record — Perum Peruri had been building domestic engraving capacity since the early 1970s, largely to reduce dependence on foreign security printers like De La Rue and Giesecke & Devrient. This note sits within that longer project of technical self-sufficiency.

The 1995–1998 date range is significant: Indonesia's financial system collapsed under the weight of the 1997–98 Asian financial crisis, and high-denomination notes like this one became functionally inadequate almost overnight as the rupiah lost roughly 85% of its value against the dollar. Hoarding of physical currency spiked sharply during the unrest of May 1998.