Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed the current standstill on Monday, stating directly, “It has not been discussed yet. Not anytime soon.”
The Minister clarified that while the redenomination plan is formally mentioned in the Ministry of Finance’s Strategic Plan for 2025–2029, the government has yet to reach the stage of actively deliberating the complex issue.
Regarding whether President Prabowo Subianto has thrown his political weight behind the measure, Airlangga remained cautious, adding, “We will discuss it later.”
The Rupiah Redenomination Bill is designed to simplify the nominal value of the rupiah without changing its fundamental value or the public's purchasing power.
In practical terms, this means removing several zeros from the currency to make daily transactions more efficient. For an international reader, this policy would transform a Rp1,000 banknote, for example, into a new unit of Rp1, with the price of goods and services remaining proportionally the same.
The overall goal of the policy is to improve economic efficiency, maintain rupiah stability, and strengthen the currency's credibility both locally and globally.
The Ministry of Finance had previously targeted the completion of this Draft Law by 2027.
Related news: Indonesia's rupiah redenomination still a long way off: Minister
Related news: Indonesia targets completion of rupiah redenomination bill by 2027
Translator: Primayanti
Editor: Aditya Eko Sigit Wicaksono
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