Jakarta (ANTARA) – Indonesia’s sovereign wealth fund Danantara said Tuesday that the government’s planned rupiah redenomination will not affect investment, citing careful preparation and strong safeguards for economic stability.Danantara Chief Operating Officer Dony Oskaria said investors should not be worried about the policy, emphasizing that any government decision will prioritize national and business interests.“I believe everything has been considered by the government. There must be in-depth studies; we should not be concerned,” Oskaria told reporters.He said the redenomination plan would strengthen Indonesia’s economic foundation and enhance global competitiveness, adding that “everything the government does is undoubtedly for the best and in the people’s interest.”The government has begun drafting a rupiah redenomination bill, listed as one of the Finance Ministry’s strategic programs, and aims to complete it by 2027. The plan would remove three zeroes from the currency without affecting purchasing power — for example, Rp1,000 would become Rp1.Officials said the policy would improve efficiency and simplify financial transactions.However, Coordinating Minister for Economic Affairs Airlangga Hartarto said Monday the plan is not currently under active discussion.“It has not been discussed yet. Not anytime soon,” he told reporters.Hartarto clarified that while the redenomination bill is included in the ministry’s long-term agenda, the government has yet to begin formal deliberations on the complex issue.Echoing his remarks, State Secretary Minister Prasetyo Hadi said the redenomination would not be implemented in the near future. “Not yet — it’s still a long way off,” he said.
Indonesia’s Danantara says redenomination won’t hurt investment
