I'm wondering if the 1000 metal currency is still valid for use. Is it still acceptable as a form of payment or has it been phased out?
7 answers
Stefano
Mon Nov 04 2024
Jakarta, Indonesia - The central bank of Indonesia, Bank Indonesia (BI), has announced the withdrawal of several denominations of the Indonesian Rupiah from circulation.
SilenceSolitude
Mon Nov 04 2024
The bank has decided to recall the Rp500 coins issued in 1991, the Rp1,000 coins issued in 1993, and the Rp500 coins issued in 1997.
KpopHarmonySoulMateRadiance
Mon Nov 04 2024
This decision is outlined in Bank Indonesia Regulation (PBI) No.14 of 2023, which took effect on December 1st, 2023.
HallyuHeroine
Mon Nov 04 2024
The withdrawal of these coin denominations is part of Bank Indonesia's ongoing efforts to streamline and modernize the Indonesian currency system.
Elena
Sun Nov 03 2024
By removing older and less frequently used coin denominations from circulation, Bank Indonesia aims to reduce the complexity of the currency system and make transactions more efficient.