TEMPO.CO, Jakarta - The Indonesian government and Bank Indonesia are once again discussing the redenomination of the rupiah. Finance Minister Purbaya Yudhi Sadewa said this policy falls under the authority of the central bank.
"This is the central bank's policy. The central bank has already given a statement. Don't keep pestering me," he told media crew at Airlangga University in Surabaya on Monday, November 10, 2025.
Purbaya emphasized that the central bank will implement the rupiah denomination policy in due time, but not in the near future. "Not now, not next year," said Purbaya.
Bank Indonesia has revealed its rationale behind the government's proposed Draft Law on Changes in Rupiah Prices, commonly referred to as redenomination. The draft law has been included in the 2025–2029 National Medium-Term Legislative Program as a government-initiated proposal based on Bank Indonesia’s recommendation.
Ramdan Denny Prakoso, Head of BI’s Communication Department, explained that redenomination involves simplifying the number of digits in the rupiah without reducing its purchasing power or value against goods and services.
“This is a strategic step to improve transaction efficiency, enhance the credibility of the rupiah, and support the modernization of the national payment system,” Denny said in a written statement on Monday, November 10, 2025.
Denny emphasized that the timing of implementation will carefully consider political, economic, and social stability, as well as technical readiness, including legal, logistical, and information technology preparations.
He added that BI will continue to focus on maintaining the rupiah’s value stability and supporting economic growth throughout the redenomination process.
He also stressed that the process is being meticulously planned and involves coordination with all stakeholders. “Bank Indonesia, together with the government and the People’s Representative Council, will continue to discuss the technical and policy aspects of the redenomination,” Denny said.
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.
Anastasya Lavenia Yudi contributed to the writing of this article
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