50.000 Rupiah

Perum Peruri has printed Indonesian currency since 1971, making Bank Indonesia one of the relatively few central banks in the developing world to rely almost entirely on a state-owned domestic printer rather than contracting abroad — a policy cemented after the political sensitivities exposed by earlier reliance on foreign security printers. The 50,000 Rupiah denomination sits at the upper end of everyday circulation, broadly equivalent in purchasing power to where the 10,000 note stood in the late 1990s before the rupiah's collapse during the Asian financial crisis wiped out roughly 80% of its value.

P#167 is part of the 2022-series emission, an incremental security upgrade rather than a full redesign.