Rupiah Redenomination: A Step Towards Efficiency or a New Challenge?

Rupiah Redenomination: A Step Towards Efficiency or a New Challenge?

Bank Indonesia has once again raised the prospect of rupiah redenomination, a process of simplifying the currency’s numerical value without altering its real worth. For instance, Rp 1,000 would be redenominated as Rp 1. This initiative aims to enhance transaction efficiency and reduce the risk of miscalculations due to excessively large nominal figures.

However, Bhima Yudhistira, Director of the Center of Economic and Law Studies (CELIOS), argues that this policy may not be suitable for immediate implementation. Economic stability, public readiness, and the psychological impact on the pricing of goods and services are critical factors that require careful consideration.

Historical evidence suggests that while some countries have successfully implemented redenomination, others have encountered significant challenges, including psychological inflation and market uncertainty. Is Indonesia prepared to adopt this policy in the near future, or would it be wiser to wait for a more opportune moment?

What are your thoughts? Will redenomination bring positive outcomes, or will it instead create confusion among the public?

#RupiahRedenomination #IndonesianEconomy #MonetaryPolicy

Comments

Post a Comment

Popular posts from this blog

Visi dan Misi serta Schedule PW IPM Sulsel Periode 2014 - 2016

Image
Visi dan Misi PW IPM Sulsel Periode 2014 - 2016 WORK PLAN PW IPM SULSEL PERIODE 2014 – 2016 1. Pelantikan, Dialog Pelajar dan Penataran Pimpinan Rabu - Kamis, 29 - 30 April 2015 di Makassar 2. Rapat Kerja Pimpinan Ahad, 10 Mei 2015 di Pusdamwil, Makassar 3. Rapat Koordinasi Wilayah PW IPM Sulsel Jum'at - Ahad, 05 - 07 Juni 2015 di Kabupaten Wajo 4. Rapat Koordinasi Nasional Bidang Perkaderan PP IPM Sabtu - Ahad, 13 - 14 Juni 2015 di Yogyakarta 5. Rapat Koordinasi Nasional Bidang Kewirausahaan PP IPM Sabtu, 04 Juli 2015 di Jakarta 6. Lomba Kreativitas Pelajar dalam rangka Semarak Muktamar Muhamadiyah dan Aisyiyah, 02 - 06 Agustus 2015 di Monumen Mandala, Makassar 7. Aksi Solidaritas "Phylantrophist" untuk Pelajar Korban Kebakaran 18 Agustus 2015 di Jln. AP. Pettarani, Makassar. 8. Bincang Sore "Generasi Muda dalam Kepungan Narkoba dan Prostitusi", 28 Agustus 2015 di Warkop Pa'de, Makassar 9. The Biggest Event 2015 a. Lomba O...
Read more

Review of the Movie "Upstream" (Chinese): The Journey of a Fighter

Image
Upstream is an extraordinary movie that touches the heart and inspires the soul. The story follows a man who is forced to become an online motorcycle taxi (ojol) driver after losing his job due to a layoff and struggling to find new employment because of his age. This film provides a profound depiction of the daily struggles faced by ojol drivers, especially in delivering food and packages. With a blend of touching, humorous, and empowering moments, Upstream invites us to understand the immense challenges these individuals endure. Although I have lived in Malaysia and Indonesia and am not entirely sure how the lives of food delivery drivers here are, this film opened my eyes to the universal hardships of their work. The ojol drivers portrayed in this story are not people chasing wealth. They work tirelessly to meet basic needs, such as paying monthly house installments to avoid losing their homes. Come rain or shine, dealing with rude customers, or facing the risk of accidents—these ar...
Read more