When and where was Sjafruddin Prawiranegara born?
Sjafruddin Prawiranegara was born on the 28th of February 1911 in Anyer Kidul, Banten. He came from an aristocratic family with Minangkabau ancestry.
Sjafruddin Prawiranegara was born on the 28th of February 1911 in Anyer Kidul, Banten. He came from an aristocratic family with Minangkabau ancestry.
On the 22nd of December 1948 he announced the formation of the Emergency Government of the Republic of Indonesia or PDRI while retreating inland toward Halaban. His group fled further north toward Aceh after Dutch forces captured Bukittinggi and Payakumbuh before regrouping at Bidar Alam near Jambi by the 9th of January 1949.
Sjafruddin Prawiranegara announced on the 10th of March 1950 that all banknotes above 5 guilders would be physically cut in half to reduce money supply. The left halves remained legal tender until the 9th of April with a nominal value equal to half their face value while the right halves were converted into 30-year government bonds yielding 3 percent interest.
Sjafruddin Prawiranegara refused to sign the declaration emphasizing that its formation was not his initiative and had previously urged military officers to avoid civil war. He eventually agreed to participate but vowed to stay in the jungle after learning of the military collapse.
Sjafruddin Prawiranegara was released from prison on the 26th of July 1966 following the fall of Sukarno and the rise of Suharto's New Order. Disillusioned with active politics he focused on religious organizations like the Indonesian Pesantren Foundation and founded the Indonesian Association of Muslim Businessmen in July 1967.