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Redenomination Issue Resurfaces: Rupiah to Be Reduced to Rp1
Finance Minister Purbaya Yudhi Sadewa and his team are currently preparing a framework for a Draft Law (RUU) concerning the redenomination or adjustment of the rupiah’s nominal value. The plan is expected to be completed by 2026.
According to the official report in Minister of Finance Regulation (PMK) No. 70 of 2025,
> “The Draft Law on the Change of Rupiah Value (Redenomination) is a new initiative that is planned to be finalized by 2027.”
The urgency behind this plan is to improve Indonesia’s economic efficiency, enhance national competitiveness, maintain sustainable economic growth, and preserve the rupiah’s stability to protect the public’s purchasing power.
This strategic concept was previously introduced during the administration of former Indonesian President Susilo Bambang Yudhoyono, who gave the green light to Bank Indonesia (BI) to explore the plan back in 2011.
For context, redenomination refers to the simplification of the currency’s nominal value — that is, changing Rp1,000 to Rp1 — without altering its real purchasing power.
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