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Auction: 391 - World Banknotes at NY INC
Lot: 392

De Javasche Bank, Netherlands Indies, 500 Gulden, 2nd July 1926, serial number OD06324,
De Javasche Bank, was established on 24th January 1828, and stands as a significant institution in the economic history of the Dutch East Indies, which is modern-day Indonesia. Founded by the Dutch colonial government, the bank played a crucial role in managing the finances and monetary system of the colony.
The establishment of De Javasche Bank was part of the broader economic management strategy implemented by the Dutch colonial authorities. Its primary purpose was to stabilise and control the currency in the Dutch East Indies. As a central bank, it undertook responsibilities such as issuing currency, regulating the money supply, and facilitating economic activities within the colony.
One of the banknotes that the bank issued was this 500 Gulden, printed on 2nd July 1926, bearing the serial number OD06324. This high-denomination type is scarce in any grade and is a popular type among collectors, symbolising the economic and historical significance of the Dutch East Indies during this period.
The issuance of banknotes by De Javasche Bank, was integral to facilitating trade and economic transactions within the colony. These banknotes, with their unique characteristics, provide a tangible link to the financial history of the region.
Following Indonesia's declaration of independence in 1945, De Javasche Bank continued to operate as the central bank. However, in 1953, it underwent a transformation and was officially nationalised, assuming the name Bank Indonesia. This marked a significant transition as the central bank continued its role under the new national identity.
In summary, De Javasche Bank played a pivotal role in the economic history of the Dutch East Indies, managing finances, issuing currency, and facilitating economic activities. This 500 Gulden banknote, with its unique features and historical context, serves as a tangible representation of this era, remaining a popular and scarce collectible among enthusiasts. The legacy of De Javasche Bank persists in the form of Bank Indonesia, the current central bank of the Republic of Indonesia.

(Pick 76a), a high denomination type, PMG 25 NET Very Fine, security code stamp at issue, rust, scarce in any grade and a very popular type

Sold for
£1,400

Starting price
£1200