#Currency
Central Bank pushes forward rupiah redenomination bill
The Indonesian Central Bank (BI) confirms that the long-discussed plan to redenominate the rupiah has been incorporated into the government’s Medium-Term National Legislation Program (Prolegnas) 2025–2029, marking a significant step toward simplifying the national currency structure.
Government revives rupiah redenomination plan, targets completion by 2027
The government has officially revived its long-discussed plan to redenominate the rupiah, with the Finance Ministry including the initiative in its 2025-2029 Strategic Plan (Renstra), as stipulated under Finance Ministerial Regulation (PMK) No. 70/2025.
Rupiah weakens further, market braces for Rp17,000 per dollar
The rupiah continued its downward trajectory against the U.S. dollar on Thursday, September 25, 2025, with analysts warning the local currency could soon breach the symbolic Rp17,000 mark if pressures persist.
Rupiah rebounds after protests, BI steps in with stabilization measures
The rupiah came under pressure during Friday, August 29, 2025 protests, weakening to Rp16,509 per US dollar, but gradually recovered and closed stronger on Monday, September 1, 2025 afternoon at Rp16,428 per dollar after opened Rp16,259 per dollar earlier in the day.