Indonesia plans bill to redenominate rupiah currency


FILE PHOTO: An employee counts Indonesian rupiah banknotes in Jakarta. — AFP

JAKARTA: Indonesia's finance ministry said it is planning a new bill to redenominate the rupiah in an effort to improve economic efficiency, maintain stability and improve the currency’s credibility.

"The bill on redenomination is a carryover draft bill that is planned to be finalised in 2027," a ministry regulation reviewed on Saturday (Nov 8) showed.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , bill , redenominate rupiah

Next In Aseanplus News

Research in China suggests causes of moon's two different 'faces'
MACC yet to decide on extending former Army chief's remand, says Azam
China unveils world’s first timekeeping software for the moon, where clocks tick faster
'Genius' chimpanzee Ai dies in Japan at 49
Cambodia releases first guidelines for sustainable development, management of caves
Over 100 Buddha images unearthed in southern Laos
West Bengal identifies two suspected cases of Nipah virus
Myanmar exports over 2.1mil tonnes of rice in past nine months
Court of Appeal throws out Najib’s bid to revive RM1.9mil suit against Tommy Thomas
MACC, Defence Ministry to tackle procurement leakages, corruption concerns

Others Also Read