Why did Indonesia use a separate currency for West Irian before 1973?

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The Indonesians did this in several parts of the country where people were used to "stronger" foreign currencies. For instance, in parts of Borneo that had formerly used British-Malayan currency, the Indonesians issued the Riau rupiah that was pegged to the U.S. dollar, and therefore a stronger currency than the Indonesian rupiah that was not so pegged. The West Irian Rupiah was indirectly pegged to the Dutch currency.

This was a transition mechanism to get people of these outlying regions used to trading Indonesian-like "rupiahs" that had "temporary" (for some years) protection against the devaluation of the "real" rupiah. Such protections were withdrawn in 1973, a good time to do so, when high oil prices helped support the Indonesian rupiah. That put the people of these territories on an equal footing with other Indonesians.

Tom Au 104013

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Why did Indonesia use a separate currency for West Irian before 1973?

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