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4 unusual facts about History of the Indonesian rupiah


History of the Indonesian rupiah

Duits were minted in large numbers in Surabaya between 1814 and 1840 from silver imported from the Netherlands.

The Dutch East India Company was granted a trade monopoly over the Indies in 1600 and under the leadership of Jan Pieterszoon Coen gained effective government over the territory around Batavia on Java, their capital, with an area of influence that increased over time, and which was eventually expanded by Dutch conquest into the 20th century to include nearly all of what is now Indonesia.

With Indonesian resources increasingly poorly matched against the Dutch, and only the small G. Kolff & Co Malang printers at their disposal to print the money, printing of the money took several months, to July 1946.

The Republican government declared that the new central bank of Indonesia would be Bank Negara Indonesia, established on 5 July 1946, occupying the offices of De Javasche Bank in Yogyakarta, the stronghold of the republic.



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