1 Million Rupiah: A Brief Overview
The 1 million rupiah banknote is a denomination of the Indonesian currency, the Rupiah. It is the highest denomination of banknote currently in circulation in Indonesia.
History
The 1 million rupiah banknote was first introduced in 1993, as a replacement for the 500,000 rupiah banknote. The design of the banknote has undergone several changes since its introduction, with the most recent design being introduced in 2016.
Design
The current design of the 1 million rupiah banknote features a portrait of Sultan Mahmud Badaruddin II, a national hero from Palembang, South Sumatra. The note also features an image of the Ampera Bridge, a iconic landmark in Palembang.
The banknote has several security features, including:
- Watermark: A watermark of Sultan Mahmud Badaruddin II's portrait
- Security Thread: A security thread that glows under UV light
- Microprinting: Microprinted text that reads "BI 1.000.000"
- Color-Shifting Ink: The numeral "1" in the top-right corner changes color when viewed at different angles
Value
As the highest denomination of banknote in Indonesia, the 1 million rupiah banknote is widely used for large transactions, such as property purchases and business deals. The value of 1 million rupiah is approximately:
- USD 70 (based on the current exchange rate)
- EUR 60 (based on the current exchange rate)
Conclusion
The 1 million rupiah banknote is an important part of Indonesia's currency system, and its design and security features reflect the country's rich history and culture.
