Thursday, August 14, 2014

Indonesia and GCR - Something to this?

Dont know if there is any relevance to this or not but might want to post this on your site and see what responses we get, if this is good news or not.. If you notice the new bills that are supposed to come out on Independence day of Indonesia the 100,000 rupiah is now showing 100, the 50,000 Rupiah is now showing 50 and so on down the line.... 


Jun 26, 2014 08:04 AM Category: East and Southeast Asia

According to an article on Tempo.co dated 19 June 2014, Indonesia plans to issue new banknotes on 17 August 2014, Independence Day. The new banknotes will have "Negara Kesatuan Republik Indonesia" (Republic of Indonesia) written on them, replacing the name of the current issuer, Bank Indonesia. The new banknotes will still have the same denominations as the current notes, will still have pictures of national figures, and are claimed to be harder to counterfeit.

Indonesia has been tinkering with the idea of changing its notes and revaluing its currency for years, with various plans in the past having failed to come to fruition

1 comment:

Anonymous said...

If they are revaluing this leaves the door open, meaning that if the 100,000 rupiah is now printed in 100, when the CGR hits and there currency is revalued, they will not have to replace the printed money as it works both as a 100,000 now and 100 when the RV takes effect. Smart way of doing it, dual purpose.