Chinese Coin and Its History in Bali
Thursday, October 2nd, 2008 by Sidarta WijayaHere is an interesting excerpt from a paper, which is entitled Revaluing Uang Kepeng as a Medium of Local Exchange in Bali, written by Stephen DeMeulenaere, an Asia Coordinator of Strohalm Foundation for Integrated Economics (Holland).
Chinese money, known generally in Indonesia as Uang Kepeng or Pis Bolong, has circulated as a medium of exchange in Bali for at least the past 1,100 years, and only ceased to be used for local purchases in the early 1970s. Up until that time, a Balinese person could use Uang Kepeng in many ways, from buying meat and vegetables in the market to snacks in front of the school, to watching movies with friends at an outdoor theatre: basically anything involving the exchange of basic needs. Bali, up until the 1970s and in large part today, despite a massive tourism industry, lives a subsistence economy lifestyle.









