• Short Summary

    INDONESIA HAS REVALUED HER CURRENCY. THE MOVE CAME ON TUESDAY WHEN A "NEW RUPIAH", REPLACING?

  • Description

    INDONESIA HAS REVALUED HER CURRENCY. THE MOVE CAME ON TUESDAY WHEN A "NEW RUPIAH", REPLACING THE OLD ONE AT THE RATE OF ONE TO A THOUSAND, WAS ISSUED IN DJAKARTA. CROWDS QUICKLY GATHERED IN BANKS AND FINANCIAL HOUSES AS THE NEWS SPREAD. THE OLD RUPIAH WILL BE WITHDRAWN BY STAGES OVER THE NEXT SIX MONTHS.

    GOVERNMENT LEADERS URGED PEOPLE NOT TO PANIC - BUT THERE WAS SOME CONFUSION IN THE COUNTRY DURING THE FIRST FEW HOURS. PEOPLE QUEUED AT BANKS TO EXCHANGE THE OLD NOTES FOR THE NEW ONES AND FOUND THAT TEN PER CENT OF THE MONEY EACH PERSON EXCHANGED WAS BEING RETAINED BY THE BANKS AS THE INDIVIDUAL'S CONTRIBUTION TO THE NATIONAL REVOLUTION.

    THE ANNOUNCEMENT, FROM THE PRESIDENT, SAID THAT THE REVALUATION WAS NECESSARY SO THAT THE GOVERNMENT COULD BALANCE THE PROVISION OF MONEY AGAINST THE NEEDS OF THE BUDGET. MEANWHILE AN OFFICIAL OF THE STATE BANK NEGARA IN INDONESIA SAID THE REVALUATION WAS ONLY A MINOR MEASURE AGAINST THE PRESENT INFLATIONARY SITUATION, AND THAT THE GOVERNMENT'S MOST EFFECTIVE MEASURES WERE STILL TO COME.

    THROUGHOUT INDONESIA, SHOPKEEPERS HAVE BEEN WARNED THAT IF THEY RAISE PRICES THEY WILL BE TRIED FOR SUBVERSION, AND IF THEY CLOSE THEIR SHOPS, THEIR PREMISES AND MERCHANDISE WILL BE CONFISCATED.

  • Tags

  • Data

    Film ID:
    VLVA58J5Y4QUZ3MRGUO50CFJF6DHJ
    Media URN:
    VLVA58J5Y4QUZ3MRGUO50CFJF6DHJ
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    16/12/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:57:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment