Post #524

🇮🇩 Indonesia plans to redenominate the rupiah 💵 Indonesian authorities are planning a redenomination of the national currency — removing three zeros from banknotes. The goal is to simplify transactions and strengthen the rupiah’s image. 📍 Current situation: • Smallest banknote — 1,000 rupiah (~$0.06) • Largest banknote — 100,000 rupiah (~$6) ℹ️ The idea of redenomination has been discussed for years: the last proposal was in 2013, but the bill was postponed. Authorities are now preparing a new plan to implement it by 2027. #economy#finance@BaliNews