Jakarta - The redenomination or wisdom plan of the value of rupiah currency was re-launched by the new Governor of Bank Indonesia (BI), Perry Warjiyo. Will this plan be realized?
According to Money Market Observer Farial Anwar, the realization of the redenomination plan in previous years because the decision makers such as the Government and the House of Representatives are worried about the panic in the community.
"It has been proposed by BI several times to the government, but the government is still not very understanding.
Redenomination is different from sanering. Redenomination only increases three zeros in rupiah. For example Rp 50,000 to Rp 50. Zero is lost, but money money Rp 50 thousand and can be used for shopping.
While manipulating the money even half of it. For example Rp 50,000 if cut then the value of money is only Rp 25.000. So if the price of rice Rp 50,000 per liter if there is sanitation then we only get a half liter only.
"For example, the wealth of Rp 1 billion now if deducted by 0 three to Rp 1 million, so wealth seems to decline, even though the purchasing power is the same," he said.
Therefore, people are advised if the redenomination of Rupiah is done, then the transition period for 1 year. In that time the old value of the Rupiah is still valid, as well as the new money redenominasi results.
"So there is a focus, the provision of all shops, every transition period using 2 prices, there is the price of old money and new money, maybe people are deceived, so to get used," he added.
If the transition period has been done, and the Rupiah with the old nominal has been withdrawn then then the application of rupiah money with the new nominal can be implemented in full.
it's a good thing, in my country they cuted 4 zeros, divided by 10000
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