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.

According to BI with a nominal major currencies is less efficient and hassle of payment. Therefore, according Difi these policies will be a big benefit for the economy that will keep records and books will be more efficient.  BI acknowledged before implementing those policies take several requirements. First, inflation expectations must be in the range of low and stable movements. Second, maintained economic stability and guarantee price stability. Third, the readiness of the community.

According to the Bureau of Economic Research BI Simorangkir Iskandar, see the conditions in Indonesia now seems right because it was felt to meet these requirements. But the authority of its application remain in government hands. Only now living a better preparation of Turkey for example, it took 10 years before realizing that policy. Turkey meredenominasi by cutting a six-digit value of the currency lira (TL)