Ada Pertanyaan? Hubungi Kami 
2026 Hak Cipta Milik Hukumonline.com
Produk Pilihan
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Yanuar Pribadhie
The redenomination of the rupiah— by deleting three zeros from the existing currency denomination — has been one of the most controversial issues within the monetary and financial sectors over the last couple of years. While redenomination will have positive impacts, the implementation itself requires economic stability.
Due to that reason, Agus DW Martowardojo, Governor of Bank Indonesia (BI), says that 2014 is not the optimum timing to start redenomination. Current economic conditions, as the Governor states, are unstable and there are several relevant external economic facts, such as the tapering off policy of the United States Federal Reserves, that need to be considered.
The Governor also emphasizes the most recent inflation data as a reason to postpone redenomination by saying, “Inflation in 2013 was way off our expectations. Accordingly, we just don’t think that redenomination has to be done this year.”
Despite these circumstances, BI asserts that it will not hamper discussions on the Draft Bill on Redenomination at the House of Representatives. The ongoing discussions are a follow up from when the Government and House agreed to form a special committee (panitia khusus) on the redenomination issue.
Ronald Waas, Deputy Governor of BI, admits that the preliminary phase of the whole redenomination process is in fact starting in 2014. However, Ronald says that this does not necessarily mean that redenomination will be implemented in 2014.
The preliminary phase itself, as Ronald explains, covers dissemination of information, reprinting, distribution, and also education of the public. Ronald also points out the importance of regional government involvement in the preliminary phase.
“This will give clarity to the public on the objectives and benefits of redenomination,” said Ronald.
This preliminary phase is needed because as Ronald says, redenomination is time-consuming, involves many aspects, and needs full commitment from all stakeholders.
“The whole redenomination process may take five to seven years,” concludes Ronald.
(hot/kc)
The redenomination of the rupiah— by deleting three zeros from the existing currency denomination — has been one of the most controversial issues within the monetary and financial sectors over the last couple of years. While redenomination will have positive impacts, the implementation itself requires economic stability.
Due to that reason, Agus DW Martowardojo, Governor of Bank Indonesia (BI), says that 2014 is not the optimum timing to start redenomination. Current economic conditions, as the Governor states, are unstable and there are several relevant external economic facts, such as the tapering off policy of the United States Federal Reserves, that need to be considered.
The Governor also emphasizes the most recent inflation data as a reason to postpone redenomination by saying, “Inflation in 2013 was way off our expectations. Accordingly, we just don’t think that redenomination has to be done this year.”
Despite these circumstances, BI asserts that it will not hamper discussions on the Draft Bill on Redenomination at the House of Representatives. The ongoing discussions are a follow up from when the Government and House agreed to form a special committee (panitia khusus) on the redenomination issue.
Ronald Waas, Deputy Governor of BI, admits that the preliminary phase of the whole redenomination process is in fact starting in 2014. However, Ronald says that this does not necessarily mean that redenomination will be implemented in 2014.
The preliminary phase itself, as Ronald explains, covers dissemination of information, reprinting, distribution, and also education of the public. Ronald also points out the importance of regional government involvement in the preliminary phase.
“This will give clarity to the public on the objectives and benefits of redenomination,” said Ronald.
This preliminary phase is needed because as Ronald says, redenomination is time-consuming, involves many aspects, and needs full commitment from all stakeholders.
“The whole redenomination process may take five to seven years,” concludes Ronald.
(hot/kc)
Fathan Qorib, Yanuar Pribadhie
The redenomination of the rupiah— by deleting three zeros from the existing currency denomination — has been one of the most controversial issues within the monetary and financial sectors over the last couple of years. While redenomination will have positive impacts, the implementation itself requires economic stability.
Due to that reason, Agus DW Martowardojo, Governor of Bank Indonesia (BI), says that 2014 is not the optimum timing to start redenomination. Current economic conditions, as the Governor states, are unstable and there are several relevant external economic facts, such as the tapering off policy of the United States Federal Reserves, that need to be considered.
The Governor also emphasizes the most recent inflation data as a reason to postpone redenomination by saying, “Inflation in 2013 was way off our expectations. Accordingly, we just don’t think that redenomination has to be done this year.”
Despite these circumstances, BI asserts that it will not hamper discussions on the Draft Bill on Redenomination at the House of Representatives. The ongoing discussions are a follow up from when the Government and House agreed to form a special committee (panitia khusus) on the redenomination issue.
Ronald Waas, Deputy Governor of BI, admits that the preliminary phase of the whole redenomination process is in fact starting in 2014. However, Ronald says that this does not necessarily mean that redenomination will be implemented in 2014.
The preliminary phase itself, as Ronald explains, covers dissemination of information, reprinting, distribution, and also education of the public. Ronald also points out the importance of regional government involvement in the preliminary phase.
“This will give clarity to the public on the objectives and benefits of redenomination,” said Ronald.
This preliminary phase is needed because as Ronald says, redenomination is time-consuming, involves many aspects, and needs full commitment from all stakeholders.
“The whole redenomination process may take five to seven years,” concludes Ronald.
(hot/kc)
The redenomination of the rupiah— by deleting three zeros from the existing currency denomination — has been one of the most controversial issues within the monetary and financial sectors over the last couple of years. While redenomination will have positive impacts, the implementation itself requires economic stability.
Due to that reason, Agus DW Martowardojo, Governor of Bank Indonesia (BI), says that 2014 is not the optimum timing to start redenomination. Current economic conditions, as the Governor states, are unstable and there are several relevant external economic facts, such as the tapering off policy of the United States Federal Reserves, that need to be considered.
The Governor also emphasizes the most recent inflation data as a reason to postpone redenomination by saying, “Inflation in 2013 was way off our expectations. Accordingly, we just don’t think that redenomination has to be done this year.”
Despite these circumstances, BI asserts that it will not hamper discussions on the Draft Bill on Redenomination at the House of Representatives. The ongoing discussions are a follow up from when the Government and House agreed to form a special committee (panitia khusus) on the redenomination issue.
Ronald Waas, Deputy Governor of BI, admits that the preliminary phase of the whole redenomination process is in fact starting in 2014. However, Ronald says that this does not necessarily mean that redenomination will be implemented in 2014.
The preliminary phase itself, as Ronald explains, covers dissemination of information, reprinting, distribution, and also education of the public. Ronald also points out the importance of regional government involvement in the preliminary phase.
“This will give clarity to the public on the objectives and benefits of redenomination,” said Ronald.
This preliminary phase is needed because as Ronald says, redenomination is time-consuming, involves many aspects, and needs full commitment from all stakeholders.
“The whole redenomination process may take five to seven years,” concludes Ronald.
(hot/kc)