BUSINESS – Bank Indonesia (BI) has officially announced the withdrawal of four banknote denominations from circulation: the Rp10,000, Rp20,000, Rp50,000, and Rp100,000 notes from the 2000–2005 series. This decision, effective as of May 1, 2025, is part of BI’s routine currency management strategy aimed at maintaining the quality and integrity of the nation’s currency.
According to a statement from BI, these older banknotes are being withdrawn due to the introduction of newer series that incorporate enhanced security features and improved durability. The central bank emphasized that the withdrawal is a standard procedure to ensure that the currency in circulation meets current technological and security standards.
Despite the withdrawal, BI assures the public that these banknotes will remain legal tender for a specified period. During this time, individuals can continue to use the notes for transactions or exchange them at commercial banks and BI offices.
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After the grace period, the notes will no longer be accepted for transactions but can still be exchanged at BI offices within a certain timeframe.
The central bank encourages the public to exchange the withdrawn banknotes promptly to avoid inconvenience. BI has coordinated with commercial banks to facilitate the exchange process, ensuring that it is accessible and efficient for all citizens. This move is part of BI’s broader efforts to modernize Indonesia’s currency system. By phasing out older banknotes and introducing new ones with advanced security features, BI aims to combat counterfeiting and enhance public confidence in the national currency.
The public is advised to stay informed about the withdrawal process and deadlines through official BI channels and to utilize the available exchange services within the stipulated periods. For more detailed information, individuals can visit BI’s official website or contact their customer service centers.
Source: tempo.co
