Bank Indonesia is reviewing the policy redenominasi the rupiah currency. This policy was taken after the results of research that mentions the World Bank, Indonesia including the owner of the country’s second largest fractional currency in the world after Vietnam. Largest fraction of money in the homeland of Rp 100,000, only to lose by Vietnamese dong (VND) 500 000. According to the Head of Public Relations Bureau BI Difi A. Johansyah insisted, BI is still limited to studying the possibility of applying these policies in Indonesia. So, when their application has not been ascertained. Redenominasi is a reduction in the value of floating currencies without reducing its value.
Forms redenominasi rupiah BI is being initiated by removing the last three zeros. Thus, the fractional Rp 1000, for example, will be Rp 1. Currently BI has conducted comparative studies to countries that have made redenominasi value of its currency, such as Turkey and Romania. BI said, redenominasi not the same as cutting sanering or currency values. Because, in redenominasi although the last three zeros are removed, but the value is the same. Continue Reading »






