coin indonesia

coin indonesia. Indonesian rupiah coinage was first issued in 1951 and 1952, a year or so later than the first Indonesian rupiah banknotes printed following the peace treaty with The Netherlands, agreed in November 1949. Although revolutionary currency had been issued in by the provisional Republic of Indonesia between the declaration of independent on 17 August 1945 and 1949, it had all been formed of paper, metal being far too scarce for the internationally isolated government to use as currency. Due to high inflation in the late 1950s and early 1960s, no coins were minted after 1961, and that which remainied in circulation was effectively worthless. A devalued 'new rupiah' was issued in an attempt to tame inflation in 1965, with banknotes in denominations all the way from 1 sen (1 cent) up to 100 rupiah - no coins were struck at this time. By 1971, however, the economy, and inflation, under Suharto's New Order was stable, and coinage was once again issued, in denominations of 1, 5, 10, 25 and 50 rupiah, with 100 rupiah added two years later. Due to inflation, the current coinage now consists of 25, 50, 100, 200, 500 and 1000 rupiah, although older 1 rupiah coins remain officially legal tender for completeness. Unlike coinage of the Netherlands Indian gulden (which in higher denominations were made of silver or gold), circulating rupiah coinage has always been formed of base metal.