History of Bank Indonesia (1953 to 2005) - Bank Sentral Republik Indonesia
September 26, 2018
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Coins
Coins
Money arrived as a replacement for the barter system that became outmoded over time and no longer met the needs of the people. When money first circulated it was known as uang barang. Each region had its own unique form of such currency. Papua, for instance, used certain shells as money, while beads were used in Bengkulu and Pekalongan. Notwithstanding, after the emergence of interregional trade, such currency was rendered ineffective. Items that were considered valuable in one region would not necessarily be worth the same in a different region. Therefore, a new form of currency was required that was valued by and desirable to the general public. This is the origin of currency made from metal coins.
 
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HISTORY OF BANK INDONESIA FROM 1953 UNTIL 2005
Date Title Hits
07-01-2008 Part 1 : History of Bank Indonesia Institution 12562
07-01-2008 Part 2 : Monetary 10706
07-01-2008 Part 3 : Banking 10239
07-01-2008 Part 4 : Payment System 10308
07-01-2008 Part 5 : Governors of Bank Indonesia From 1953 until Now 10659
Period
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