Indonesia issues new 100,000 rupiah note

Bank Indonesia has issued a new banknote of 100,000 rupiah. This seems a rather strange move in light of the continuing reports of a redenomination. Bank Indonesia however says that it will go ahead with the redenomination plan that will slash three zeroes off the currency.

The new note has added printing that says, “Negara Kesatuan Republik Indonesia” (The Unitary State of the Republic of Indonesia). The banknote will also be the first rupiah denomination to bear the signature of a government representative, in this case the finance minister. Previously, only officials from the Bank Indonesia could have their signatures printed on the rupiah.