November 11, 2025 | 06:04 pm
TEMPO.CO, Jakarta - Dony Oskaria, the COO of Indonesia's sovereign wealth fund Danantara, believes the government's plan for rupiah redenomination is based on in-depth studies.
"There's no need to worry, everything the government undertakes is always the best. It's not possible for the government to do things that are not in the best interest of the people," said Dony at Graha Mandiri, Jakarta, on Tuesday, November 11, 2025.
Dony also emphasizes that Danantara is not worried about the plan, as the plan must have been well thought out. Therefore, it is impossible, according to Dony, who is also the Head of the State-Owned Enterprises (SOEs) Operating Body, for the government to adopt a policy without careful consideration.
Redenomination involves simplifying the number of digits in the rupiah without reducing its purchasing power or value against goods and services. The redenomination plan is outlined in the Minister of Finance Regulation (PMK) Number 70 of 2025 on the Ministry of Finance’s Strategic Plan for 2025–2029.
The regulation was enacted on November 3, 2025, and signed by Finance Minister Purbaya Yudhi Sadewa. The PMK states that the Draft Law on Changes in Rupiah Prices is expected to be finalized by 2027.
Based on this regulation, four urgencies for the rupiah redenomination are outlined. These are improving national competitiveness to achieve economic efficiency, sustaining economic development, maintaining the stable value of rupiah to preserve people's purchasing power, and raising rupiah's credibility.
Anastasya Lavenia Yudi and Ilona Estherina contributed to the writing of this article
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