TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Darmin Nasution said that he fully supports the deliberation of the draft bill on rupiah redenomination. According to him, the implementation of the rupiah redenomination would not be lengthy.
“It shouldn’t take long,” Darmin said at the Senayan Parliamentary Complex in Jakarta today, July 19.
Earlier, Bank Indonesia (BI) Governor Agus Martowardojo said it would take seven years to implement the rupiah redenomination policy. However, Darmin said that the implementation can be realized sooner.
Read: Bank Indonesia Governor to Meet Jokowi over Rupiah Redenomination
This year, the central bank will pitch the draft bill on rupiah redenomination to the House of Representatives. However, Agus said that he will consult with President Joko Widodo or Jokowi before proposing the draft bill.
“We will meet the President, the Law and Human Rights Ministry, and the Finance Ministry so that they can discuss the draft bill with the House,” Agus said in Jakarta yesterday.
He expects the government and the House will deliberate the draft bill consisting of 18 articles this year. “The preparation will take two years, the period of 2020-2024 will be the transition period and there will be a phase out stage,” Agus said.
Bank Indonesia yesterday held a focus group discussion with the House of Representatives’ commission XI overseeing financial affairs to discuss the draft bill on rupiah redenomination. Agus revealed that the meeting was attended by all House's factions.
Finance Minister Sri Mulyani has expressed her agreement to include the draft bill in the National Legislation Program (Prolegnas) this year. “The State Budget has been considered being credible and realistic, therefore we could manage to have an investment grade,” Sri Mulyani said.
ANGELINA ANJAR SAWITRI