Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Tempo English
Support Tempo
LOGIN REGISTER
image-bahasa
image-language

Rupiah Redenomination Process Will Take 11 Years

Translator

Editor

21 July 2017 21:30 WIB

Rupiah, Indonesia's currency. ANTARA/M Agung Rajasa

TEMPO.CO, Jakarta - Bank Indonesia (BI) Governor Agus Martodjojo said that the process to redenominate rupiah could take as long as 11 years. Therefore, Agus said that that the rupiah redenomination process must be initiated soon. 

According to Agus, now is the perfect time to commence the rupiah redenomination.

Read: Minister Darmin: Rupiah Redenomination Will Not Take Long

“The political and economic conditions are currently sable,” Agus said today.

President Jokowi will be involved to draft a law on the rupiah redenomination. The draft bill will be immediately be suggested to the House of Representatives as soon as the government approves it.

Agus reveled that the draft bill (RUU) is expected to be deliberated in in August so that it could be finalized by the end of this year.

Read: Bank Indonesia Governor to Meet Jokowi over Rupiah Redenomination

If the draft bill was to be completed on schedule, the government will be able to start the preparation in 2018 or 2019. The transition process will take place in the period of 2020-2024. Bank Indonesia will introduce the currency before and after the redenomination.

VINDRY FLORENTIN

Economy


Recommended

OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability

14 jam lalu

OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability

OJK will continue to monitor the latest developments in the Middle East and their impact on financial system stability in Indonesia.


Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation

1 hari lalu

Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation

Jokowi chaired a limited meeting with his ministers at Merdeka Palace, Jakarta, on Tuesday to discuss the impact of Iran's strike on Israel.


Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict

2 hari lalu

Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict

Coordinating Minister Airlangga Hartarto talked about the potential impact of Iran's attack on Israel on the country's economy.


Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

20 hari lalu

Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

Vietnam's gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday.


Jakarta has Capital to Become Business City Competing with New York: Economist

32 hari lalu

Jakarta has Capital to Become Business City Competing with New York: Economist

The metropolitan city of Jakarta has the capital to become a business and economic hub that can compete with New York, an economist says.


Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

44 hari lalu

Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

Bank Indonesia (BI) Governor Perry Warjiyo is confident that Indonesia's economic growth will exceed 5.1 percent in 2024.


Today's Top 3 News: Indonesian National in Japan Arrested Over Alleged Child Abandonment

49 hari lalu

Today's Top 3 News: Indonesian National in Japan Arrested Over Alleged Child Abandonment

Here is the list of the top 3 news on Tempo English today.


Finance Minister Sri Mulyani Likens Indonesia's Economy to Brazil Ahead of G20 Meeting

49 hari lalu

Finance Minister Sri Mulyani Likens Indonesia's Economy to Brazil Ahead of G20 Meeting

Sri Mulyani Indrawati said economic similarities are present between Indonesia and Brazil.


Jokowi Claims Indonesia's Economy Sturdy Amidst Global Uncertainties

50 hari lalu

Jokowi Claims Indonesia's Economy Sturdy Amidst Global Uncertainties

Jokowi explains that Indonesia's economy in 2023 grew 5.05 percent, with controlled inflation at 2.57 percent.


AHY Visits Airlangga's Office; Promises Smooth Land Acquisition Process for Investments

51 hari lalu

AHY Visits Airlangga's Office; Promises Smooth Land Acquisition Process for Investments

AHY is committed to ensuring successful investment and infrastructure development in fields that require land readiness and legal certainty.