Indonesia has no current plan to redenominate rupiah, minister says

Finance Minister Suahasil Nazara said Indonesia had no current plans to simplify rupiah denominations, responding to a student's question during a finance ministry teaching programme in South Jakarta on 9 November 2026.

Speaking at Sekolah Rakyat Terintegrasi 4 DKI Jakarta, Suahasil said legislation would be needed to remove three zeros from the currency. He said there was no redenomination law and none was being discussed.

Suahasil recalled that Rp1,000 had been changed to Rp1 in the 1960s, but said the government was not carrying out such a change now. He described suggestions to reduce the number of zeros as ideas circulating among the public, which could be discussed.

The issue had also drawn attention in 2025. Finance Ministry Regulation No. 70 of 2025, issued by then finance minister Purbaya Yudhi Sadewa, included a target to finish drafting a redenomination bill in 2027 as part of the ministry's 2025–2029 strategic plan.

In remarks reported on 11 November 2025, Purbaya said redenomination would not happen in the near term, including in 2026. He said implementation was a matter for Bank Indonesia, the monetary authority, rather than the finance ministry, and would depend on when the central bank considered it necessary.