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Indonesia plans to remove zeros from its rupiah by 2027 to simplify transactions and boost confidence.
Indonesia is advancing plans to redenominate its rupiah by removing zeros from the currency, aiming to improve economic efficiency and public confidence.
The finance ministry’s draft bill, expected to be finalized by 2027, follows years of discussion, including a 2013 proposal to eliminate three zeros.
While specifics remain unclear, the change would not alter the rupiah’s value or exchange rate, only simplify transactions.
The central bank supports the move but stresses careful implementation to avoid disruption.
The initiative reflects broader efforts to modernize Indonesia’s financial system amid economic challenges and skepticism over growth data.
Indonesia planea eliminar los zeros de su rupia para 2027 para simplificar las transacciones y aumentar la confianza.