Indonesia to issue new 2,000-rupiah note

According to a 3 March 2008, article in The Jakarta Post, Bank Indonesia (BI) is set to issue a 2,000-rupiah banknote (US$0.22) and 1,000-rupiah coin in the second semester of this year. “BI has decided to issue a new banknote and coin after considering people’s needs, as well as costs for making banknotes,” said BI Deputy Governor Budi Rochadi. The 2,000-rupiah note will be the country’s smallest denomination note once the existing 1,000-rupiah note (Pick 141) is replaced by a coin. The new banknote and coin will be employ braille making them more convenient for blind people. BI is preparing new designs and security systems to discourage counterfeiters. The last time BI issued revised banknotes was in 2005, with its released of new 50,000- and 100,000-rupiah notes (Pick 144).

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