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IDR 1,000 Palm Oil Coins Sold in Hundreds of Millions, BI Makes Sure It’s Still Valid

Screenshot of Rp.1000 palm oil coins being sold for hundreds of millions. (Source: Kompas.com/Twitter)

JAKARTA, KOMPAS.TV The Rp1,000 coin with the image of palm oil again made a scene in the virtual world. The two-colored notes are sold in the marketplace for hundreds of millions of rupiah.

The upload shows at least 13 coins available for purchase at a price of almost Rp. 300 million.

Please note, the money is in a used condition from various regions in Indonesia.

Also Read: Uproar about Rp1,000 Palm Oil Coins Sold for Rp300 Million, Bank Indonesia Opens Votes

Palm Oil Coins Still Valid

Director of the Communications Department of Bank Indonesia Junanto Herdaiwan said the Rp1,000 coin with the image of a palm oil was still valid today.

So the value of the money is in accordance with what is stated in the money.

“The Rp1,000 denomination issued in 1993 with a picture of palm oil is still valid as a legal tender in the territory of the Republic of Indonesia as long as it has not been revoked/withdrawn from circulation,” he said, Friday (13/08/2021).

BI does not buy and sell

Bank Indonesia itself did not conduct the sale and purchase of the money.

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