Really Rp 1,000 So Rp. 1?

Jakarta - Have you ever imagined to receive a salary of Rp 1,500 per month? Yes, most likely it will happen about 5 years in the future if your current salary of Rp 1.5 million.


The reason, Bank Indonesia (BI) is conducting an internal discussion to be able to do redenominasi. Redenominasi namely the reduction of fractional values without reducing the value of money. Roughly, the number zero in a fraction will be reduced, if minus 3 zeros will then Rp 1,000,000 to Rp 1,000.

"Redenominasi that the process will be discussed first with the government and the president and must be through the House of Representatives (DPR) recently we socialized," says Governor of Bank Indonesia Nasution was elected at the House Bank Indonesia, Jalan MH Thamrin, Saturday (31/07/2010).

Nasution said the ministry would soon submit the final result of internal discussions to the government in 2010. "Not to be decided now how many zeros are reduced if 3 or 4 but the results of the discussion will be submitted to the government attempted this year 2010," said Nasution.

On the same occasion, Deputy Governor of Bank Indonesia Budi Rochadi S said, in doing redenominasi takes between four to five years.

"The process is not brief, should take 4 to 5 years," he said.

According to Budi, the necessary existence of a gradual withdrawal of money circulating in the community. Diketahu As Indonesia's largest banknotes currently Rp 100,000.

Rupiah currency has now recorded the world's second largest denomination, the largest first currency is Vietnamese Dong scored 500,000. But do not take into account the country of Zimbabwe, the country had scored 100 billion Zimbabwe dollars on a single sheet of currency.

Budi said, for money can make the simplification unit will require a number of requirements. There are at least three conditions are absolutely satisfied that the condition of a stable economy, low inflation and stable, and the guarantee price stability.

"The most difficult to do quickly and easily is the socialization of the entire people of Indonesia that reached hundreds of millions of people," he said.