Catalog
50 000 Rupiah
| Issuer | Bank Indonesia |
|---|---|
| Year | 1999-2007 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Central vignette of the Paskibraka — the student flag-hoisting squad — flanked by two armed soldiers, raising the Indonesian national flag during Independence Day ceremonies at the Merdeka Palace in Jakarta. The scene is set against a decorative multicolour guilloche background with architectural elements of the palace visible. |
| Reverse lettering | PENGIBARAN BENDERA BANK INDONESIA DENGAN RAHMAT TUHAN YANG MAHA ESA. BANK INDONESIA MENGELUARKAN UANG SEBAGAI ALAT PEMBAYARAN YANG SAH DENGAN NILAI LIMA PULUH RIBU RUPIAH (Translation: FLAG HOISTING BANK INDONESIA WITH THE GRACE OF ALMIGHTY GOD. BANK INDONESIA ISSUES THIS MONEY AS LEGAL TENDER WITH THE VALUE OF FIFTY THOUSAND RUPIAH) |
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| Comments |
This series ran through one of the most turbulent periods in Indonesian monetary history. The 1997–98 Asian financial crisis sent the rupiah into freefall — at its worst, the currency lost roughly 80% of its value against the dollar — and Bank Indonesia was left rebuilding credibility while managing a denomination that had effectively become mid-range change rather than a significant banknote.
Mujirun, one of Indonesia's most respected bank note engravers, did the intaglio work through Perum Peruri's Karawang facility, which has held the exclusive contract for Indonesian currency production since the early 1970s. The security package here is relatively modest — watermark only — which reflects both production economics and the inflationary environment that kept these cycling through hands quickly.