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The rupiah, which had strengthened to around Rp8,000, depreciated in the wake of the Jakarta riots of May 1998, and in particular the run on the Bank Central Asia, Indonesia's largest private bank, that ensued, causing the bank to be taken over by IBRA on 29 May. The SBI rate was increased to 70% in the wake of massive inflation.
Alongside the two circulating variants, the Bank of Indonesia also minted a non-circulating silver coin of this value in 1970. [6] It weighs 8 g (0.28 oz) and has a diameter of 26 mm (1.0 in). Its obverse features the national emblem Garuda Pancasila, the lettering "1945-1970," "1970," and "200 RUPIAH," and the Bank's logo.
For new coinage, the old style of a large number was replaced instead with the national Garuda Pancasila logo, with the year and "BANK INDONESIA" in smaller text below the emblem. A 25 rupiah coin dated 1991 in aluminium, with images of nutmeg and its Indonesian text 'buah pala' and "Rp 25" on the reverse, was the smallest coin to be revised.
Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998. Those four banks were Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. During the amalgamation and reorganisation, the government reduced the number of branches by 194 ...
In order that it could discontinue the issue of the resented 'De Javasche Bank' money, the government completed the Indonesianisation of DJB, with the bank becoming Bank Indonesia on 1 July 1953 via the Principal Act on Bank Indonesia 1953. The bank had responsibility for the issue of banknotes of 5 rupiah and above (as had DJB), and the first ...
The Indonesian one hundred thousand rupiah banknote (Rp100,000) is a denomination of the Indonesian rupiah. Being the highest and second-newest denomination of the rupiah (after the Rp2,000 note), it was first introduced on November 1, 1999, as a polymer banknote [1] [2] before switching to cotton paper in 2004; [3] all notes have been printed using the latter ever since.
Bank Mandiri: 2 October 1998 Government of Indonesia: Foreign exchange bank Bank Negara Indonesia (BNI) 5 July 1946 Bank Rakyat Indonesia (BRI) 16 December 1895 Bank Tabungan Negara (BTN) 16 October 1897 [2] Subsidiaries of state-owned banks Bank Mandiri Taspen: 23 February 1970 Bank Mandiri, PT Taspen Non-foreign exchange bank Hibank: 25 ...
Such move meant the issue of an entirely new set of banknotes by the Presidential Decree of 13 December 1965 which authorised Bank Indonesia to issue fractional notes for the first time (although the Rp1 and Rp2½ notes were still issued by the government itself) in denominations of 1, 5, 10, 25, and 50 cents depicting volunteers (sukarelawan ...