Indonesia plans to revalue the rupiah by removing 3 zeros by 2027. IDR1,000 becomes IDR1, price unchanged
Petaling JayaThe Indonesian government has started drafting legislation on the revaluation of the rupiah, which is expected to be completed by 2027. between News agency.
The bill is listed in the Strategic Programs of the Ministry of Finance for the period 2025-2029 under Finance Ministry Regulation No. 70 of 2025.
The proposed Rupee Rate Revision Bill (Revaluation) aims to remove three zeros from the rupee value without changing the purchasing power, with the goal of improving efficiency and simplifying financial transactions.
For example, after revaluation IDR1,000 will become IDR1, but the value and purchasing power of goods will remain unchanged.
The regulation states that the objective of revaluation is to increase economic efficiency by strengthening competitiveness and maintaining growth momentum.
According to the regulation, “It is also expected to help stabilize the value of the rupee, maintain purchasing power and enhance the credibility of the currency at both the national and global levels.”
Removing zero from the old rupee has been part of the government’s agenda, with many administrations preparing plans for revaluation.
In 2023, Bank Indonesia Governor Perry Warjiyo was reported as saying that the central bank is ready to support the policy, although implementation should be done carefully and considering economic and political stability.
Earlier in 2017, then Deputy Governor Mirza Adityaswara was quoted as saying that the reevaluation process could take up to 10 years and that public education should be included in it to prevent confusion about purchasing power.
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