|Banknotes||DM1, DM5, DM10, DM20, DM50, DM100|
Formerly Federal State of Indokistan
|Central bank||Central Bank of Indokistan|
Indokistani KistanRupiah (Sign: DM, Code: IKR) was an official currency of Indokistan from April until August 2011, then from November 2011 until April 2016. It was made a constitutional currency in 2014 before its revocation from official status in April 2016, shortly before the dissolution of Indokistan.
Adoption of KistanRupiah as official currency was first proposed to the parliament by Mustafa Hakim. Desipte of initial opposition, the proposal was passed by the legislature in April 2011, shortly after that the first edition of the banknotes was printed. Coins of the currency originates from recycled garbage, after the central bank decided to establish "Project Environment", in order to cut coin production cost and to promote recycling among citizens.
The first printing turns out to be the only one, which created uncertainty between citizens and stagnation on the country emerging economy. The parliament later dubbed the project as failure and immediately passed a motion to cancel the process in August 2011, and instead ordered the country to use Indonesian rupiah as official currency.
The failure mainly blamed on its continuous delay on its printing process, the only printing machine was damaged beyond repair, hampering the printing process. Until its suspension, the total amount of printed money was only around RpY 5000, while the coins only successfully collected until RpY 5200.
The first edition was printed in April 2011 after previous printing issue solved. The initial plan was to print entire money on the series, yet only 100, 200, 500 KistanRupiah was printed, while the rest 1000, 2000, and 5000 KistanRupiah failed to be printed. Until August 2011, the total amount of printed money only around RpY 5000, with less than that actually circulating.
The money design was simple yet colorful, compared with the later version. While the obverse side features national flag from the First, Socialist, and Second republic, the reverse side features an abstract picture symbolising duck, Indokistani national animal.
The coins featured Indonesian places of interest, and the color was reminiscent to the banknotes.
|2010 KistanRupiah Coins/2011 Mir Edition|
|2011||Fatahillah Museum, Jakarta||Value||High|
|2011||Bundaran HI, Jakarta||Value||High|
|2011||National Museum, Jakarta||Value||High|
|2011||Prambanan Temple, Central Java||Value||High|
|2011||National Monument, Jakarta||Value||High|
Under presidency of Dicky L. K. in November 2011, Mustafa Hakim proposed again to him that KistanRupiah should be restored as official currency, considering the national pride and its usage as national symbol. Dicky supported his proposal, but he also ordered that the KistanRupiah must be modified. This resulted in the new nicknames of the banknotes and coins, "Mir" and "Dior", new banknotes design, and new exchange rates.
Considering the very large number of the former uncirculated KistanRupiah money, the central bank then decreed that the old money is still can be used, alongside with the newly published banknotes with new design.
In 2014, the KistanRupiah money was officially recognised by the constitution, after addition on the new clauses recognised KistanRupiah as official currency. This constitutional status spark new calls of reform on the KistanRupiah, including money redesigning and exchange rates change.
Indokistani central bank, in December 2014, finally confirmed that they ready to print the latest KistanRupiah money, after the new money design proposal was accepted in August 2014, but cannot be printed. The central bank already published some pictures on the printing process, announced the public that they are ready to copy the money and distribute it among states.
In April 2016, as part of simplification plan, Indokistani government decided to revoke the official status of KistanRupiah, considering that it had failed to be printed and had not functioning at all, while at the same time also disbanded the central bank.
"New KistanRupiah" edition
The Dior is the name of large fractions of KistanRupiah. The design were made on November 14, 2011, by Mustfa Hakim and approved by the parliament members. The fractions available is M50, D100, D200, D500 and D1000. Also, M50 is only fractions that available in paper and coin.
This banknotes also contains serial number and EURion constellation as a security feature. The banknotes is still in low number because the design just being approved and the mass production is not execute until now. The former 100 and 200 KistanRupiah also usable, the banknotes became the Dior and equvalent with D100 and D200, the currency is usable until the old banknotes pull-out from circulation.
|November 2011 KistanRupiah Dior edition, printed by Central Bank|
|M50||2011||Value, Coat of Arms
|D100||2011||Value, Coat of Arms||Socialist Republic flag||Low|
|D200||2011||Value, Coat of Arms||Flag of Jumstraad||Low|
|D500||2011||Value, Coat of Arms||Flag of Flastraad||Low|
|D1000||2011||Value, Coat of Arms||Flag of Indokistan||Low|
The first printing process of this edition was executed in December 2014, after plans to print it was failed since May 2014, when the first design was published to the public. The central bank decided that the money will be printed by Percetakan Suwarnakarta, a state-owned company based in Suwarnakarta.
|2014 KistanRupiah edition, printed by Percetakan Suwarnakarta|
|DM 1||2014||Mango orange||Emblem of Indokistan||Lyrics of Berjayalah Indokistan in front of the national flag||Governor of central bank|
|DM 5||Red||Flag of Aziziyah|
|DM 10||Olive||Flag of Central Indokistan|
|DM 20||Blue||Flag of Cussex|
|DM 50||Green||Flag of Suwarnakarta|
|DM 100||Grey||Emblem of the National Forum in front of the national flag|
Because of different policies, exchange rates of KistanRupiah changes frequently. On the first KistanRupiah, the money was pegged to 500 Indonesian Rupiah, which made the lowest denomination (RpY 100) to be cost Rp50000, while the largest (RpY 5000) costs Rp500000. The second KistanRupiah pegs itself to 50 Indonesian Rupiah. D100 costs Rp5000, M1 costs Rp50, and its highest denomination (D1000) costs 50000.