Implementation redenomination or resetting broken or rupiah from January 1, 2014. Starting July 1, 2013

Implementation redenomination or resetting broken or rupiah from January 1, 2014. Starting July 1, 2013

Implementation redenomination or resetting broken or rupiah from January 1, 2014. Starting July 1, 2013, the price tag double (double price tagging) applied. Along with the implementation of the price tag double, Bank Indonesia issued currency with the same picture, but different numbers. Long as the current number and the new number with three zeros were removed.

"The use of this currency lasted until 2018. Furthermore, the year 2023 will be published rupiah with a new design, "said Director of Directorate General of Treasury Cash Management Treasury Rudy Widodo in Jakarta, Wednesday (12/26/2012).

According to the Director General of Treasury, Ministry of Finance Agus Suprijanto, all time calculations based on the draft law on redenomination. The bill is expected to be given priority for discussion in 2013.

Double the price tag shall be done during the transition so that no turbulence. The rupiah remains the same despite the three-point zeros omitted. Later applies fractional cents.

Parties are required to apply double the price tag include shopping malls, supermarkets, and shops that had been put up the price of goods. Installation of double labeling so that people get used to the new prices less zeros.

"Later, after the transition period ends, old currency exchanged for new ones," said Agus.

Finance Minister Agus Martowardojo in Bank Building, Jakarta, asserted that the government does not want people to think redenomination as sanering. Redenomination is the use of a new currency with the same value, while cutting sanering is value for money.

If Indonesia's economic readiness for implementing redenomination, redenomination measures will be continued.

According to the plan, the Ministry of Finance will conduct a public consultation on 28 December this year by inviting economists, analysts, associations, and businesses. The next step is to socialize the redenomination to the traders at the district / city.

"The result will be presented to Parliament to determine when the best time implementing stages redenomination. If Parliament assess the community response was not enough, implementation could be delayed, "said Agus Suprijanto