Jakarta, hitclubapk3 Indonesia
—
Governor
Bank Indonesia
(BI)
Perry Warjiyo
open your voice about the question
Rupiah redenomination
.According to him, the policy of changing IDR 1,000 to IDR 1 requires a long preparation.
Perry said that his party is currently more focused on maintaining stability and encouraging economic growth.
“Regarding redenomination, of course we are currently more focused on maintaining stability and encouraging economic growth, that is the focus,” Perry said in a working meeting with Commission XI of the DPR, quoted
detikfinance
, Wednesday (12/11).
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“Moreover, redenomination requires
timings
and longer preparation,” he continued.
The rupiah redenomination plan appears in Minister of Finance Regulation (PMK) Number 70 of 2025 concerning the Strategic Plan of the Ministry of Finance for 2025-2029
“The Bill on Rupiah Price Changes (Redenomination) is a draft bill which is planned to be completed in 2027,” reads PMK 70/2025 which was signed by Purbaya.
The central bank, via its official website, explains that rupiah redenomination is a simplification of writing the value of goods and services, which is also followed by a simplification of writing payment instruments or money.
Simplification is only done by eliminating a number of zeros in the money.Redenomination does not change the value of the money.
Professor of Monetary Economics and Banking, Faculty of Economics and Business (FEB), Airlangga University (Unair) Surabaya, Prof. Wasiaturrahma, expressed a number of deep concerns regarding the redenomination plan .
According to Rahma, this step is considered not too urgent and actually poses a number of risks for the national economy.Especially in the midst of global uncertainty which is still felt by the majority of society.
“There is no urgency. No one in the business sector is complaining and saying it has to be redenominated. In fact, it is dangerous because many goods are still priced at one thousand two thousand. If one thousand becomes a cent, it will be difficult for the goods to increase in fractions. As a result, if they increase it could cause inflation,” said Rahma separately.
Rahma also reminded the psychological impact that should not be ignored.He explained that redenomination risks creating a sudden perception of poverty among low-income communities.
“Also, don’t forget the psychological impact. 190 million of our people still live on 50 thousand silver per day. If 50 thousand became 50 silver, they could suddenly feel very ‘poor’,” he said.
According to him, another toughest challenge is the condition of global economic stability which is still unstable.Rahma highlighted the fiscal condition of many countries, including the United States, whose deficit reached six percent.
”
Probability
The US will have a recession of only 30 percent, but that is a high figure for Wall Street.This will have an impact on the Indonesian economy.”The economy is not yet stable, growth, inflation and external pressures, domestic structural problems are still vulnerable and uncertain,” he said.
He also said that the role of banks and financial institutions is still not optimal in supporting the success of this policy.Failures in socialization and transition actually risk undermining public trust.
“Because the public, especially ordinary people, consider this redenomination as a form of cutting money or what is usually called sanering. This will actually cause panic buying among the public,” he said.
At the end, he advised the government not to rush into launching a discourse on redenomination which could give rise to public unrest.
“Currently the public is taking care of financial stability in their respective households due to weakening economic growth and the unavailability of expanding new job opportunities,” he concluded.
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(fby/sfr)
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