These Rupiah Denomination Money Will No Longer Be Valid Starting from December 1, 2023

The following 'Bahasa' text translated to 'English' while preserving any HTML tags: "This Rupiah Denomination Money is No Longer Valid Starting from December 1, 2023."

Dream - Rupiah currency is not always able to circulate, because Bank Indonesia can withdraw and recall certain denominations of money. This time, Bank Indonesia is recalling a number of rupiah coin denominations that are no longer valid starting from December 1, 2023.

"Currency Denominations of Withdrawn Rupiah"

Quoting Liputan6.com, the withdrawal of Indonesian rupiah coins denominations of Rp500 Year of Issue (YE) 1991, Rp1,000 YE 1993, and Rp500 YE 1997. The revocation and withdrawal of these metal Rupiah coins are stipulated through Bank Indonesia Regulation (PBI) No.14 of 2023.

"Reason for Withdrawal"

Withdrawal is carried out with consideration, among others, of the sufficiently long circulation period and the development of technology for metallic currency materials. Therefore, starting from the mentioned date, the metallic Rupiah currency is no longer valid as a legal means of payment in the territory of the Unitary State of the Republic of Indonesia.

These Rupiah Denomination Money Will No Longer Be Valid Starting from December 1, 2023

"How to Exchange Rupiah"

For those of you who have the mentioned Rupiah coins and wish to exchange them, you can exchange them at a Commercial Bank starting from December 1, 2023, until December 1, 2033, or 10 years from the date of withdrawal. The replacement of Rupiah currency has the same nominal value as stated on the mentioned Rupiah coins.

The following text is already in English.

Replacement of worn, defective, or damaged Rupiah coins is carried out in accordance with the regulations of Bank Indonesia regarding the management of Rupiah currency, namely: In the case of physical Rupiah coins larger than 1/2 (one half) of their original size and the authenticity of the Rupiah currency can be recognized, replacement is given at the nominal value of the exchanged Rupiah currency. In the case of physical Rupiah coins that are the same size as or smaller than 1/2 (one half) of their original size, no replacement is given. Examination of the characteristics of Rp500 TE 1991, Rp1,000 TE 1993, and Rp500 TE 1997 Rupiah coins is attached in the accompanying image.

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