Bank Indonesia (BI) has set up the stages of simplification of the value of the rupiah or redenominasi, but not sanering. The process of simplification of the value of the rupiah that will be conducted from 2011-2020.If interpreted in a simple, according to the Governor of Bank Indonesia, Nasution said in Jakarta on Tuesday, August 3, 2010, redenominasi means simplification of the mention of the unit price and currency values.
That is, fractional currency simplified without reducing the value of money. Currency values have remained the same despite the number of zeros decreases. For example, 1,000 to Rp1, while Rp1 million to 1,000.
The following stages of the implementation of simplification that the value of the rupiah currency:
Socialization Period 2011-2012
The period of preparing a variety of things such as accounting concerns, record keeping, information systems. Bank Indonesia believes two years is enough time for the socialization.
Transition 2013-2015
In this period, the future price of goods will be written in the two prices is made up of old and new rupiah rupiah. For instance, goods worth 10,000 will be written in the two prices of Rp 10,000 and Rp 10 (new). Money now be called old dollars, new dollars will be called new.
During this period, people will use the two currencies ie the old and new rupiah rupiah. Likewise for a refund, may use both. BI will also gradually replace damaged currency rupiah rupiah old with new.
2016-2018
Paper money now (the old rupiah) will be completely discharged. BI will be made withdrawals long.
2019-2020
The words that signify a replacement new money old money will be eliminated. Indonesia back on the rupiah as it is today, but their monetary value is smaller. For smaller currency accepted coins and the value of fractional cents will apply again.
Previously, the central bank considers a fairly large fraction of money was less efficient. The problem is, big money would make the payments and cash transactions become more difficult.
So, BI is different stresses redenominasi sanering or withholding money. BI emphasize sanering always done by a country in an unstable economic conditions.
It could be in a situation of high inflation, so the value of its currency and purchasing power declined rapidly. Therefore, it should be done cutting the value of money or senering.
"Well, this is totally opposite, redenominasi done in economic conditions are stable, meaning the economy growing and inflation under control," Nasution said.
0 Comment:
Post a Comment