1 Gulden/Roepiah

De Javasche Bank's position by 1948 was effectively terminal — the Dutch colonial banking infrastructure was in freefall following the independence declaration of August 1945 and the subsequent armed struggle. This note was issued into a monetary environment where two competing currencies, Indonesian Republican and Dutch colonial, circulated simultaneously in different parts of the archipelago, and where public confidence in colonial paper had collapsed in large sections of Java and Sumatra.

Thomas De La Rue produced the physical notes in London, far removed from the political chaos on the ground. Dutch sovereignty over Indonesia ended formally in December 1949, rendering this issue among the last De Javasche Bank would ever authorize.