{"id":12689,"date":"2011-12-07T10:50:00","date_gmt":"2011-12-07T10:50:00","guid":{"rendered":"https:\/\/test946983.live-website.com\/?p=12689"},"modified":"2019-12-03T22:34:08","modified_gmt":"2019-12-03T22:34:08","slug":"indonesia-redenomination-plans-move-a-step-closer-to-implementation","status":"publish","type":"post","link":"https:\/\/banknotenews.com\/?p=12689","title":{"rendered":"Indonesia redenomination plans move a step closer to implementation"},"content":{"rendered":"<p class='has-larger-font-size'>\n<div class=\"blog-entry-body\">According to an <a href=\"http:\/\/www.thejakartapost.com\/news\/2011\/12\/07\/govt-approves-redenomination-proposal.html\" target=\"self\" rel=\"noopener noreferrer\">article in The Jakarta Post dated 7 December 2011<\/a>, the government has approved <a href=\"http:\/\/www.bi.go.id\" target=\"self\" rel=\"noopener noreferrer\">Bank Indonesia\u2019s<\/a> proposal to redenominate the rupiah by eliminating three zeros. A draft law is being finalized and still needs to be approved by the Law and Human Rights Ministry, then passed by the <span style=\"font:12px Arial, Verdana, Helvetica, sans-serif; \">House of Representatives<\/span>.<\/p>\n<p>Bank Indonesia announced that the rupiah\u2019s redenomination would be carried out in four stages over 10 years to minimize public confusion: information campaign to alert the public (2011-2012), transition period (2013-2015), the gradual withdrawal of the \u201cold\u201d rupiah (2016-2018), and the use of the \u201cnew\u201d rupiah (2019-2020).<\/p>\n<p>The redenomination would mean the 1,000-rupiah banknote, the nation\u2019s smallest denomination, would become a 1-rupiah note, but the value would remain the same (currently US$0.10).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to an article in The Jakarta Post dated 7 December 2011, the government has approved Bank Indonesia\u2019s proposal to redenominate the rupiah by eliminating three zeros. A draft law is being finalized and still needs to be approved by the Law and Human Rights Ministry, then passed by the<span class=\"more-link\"><a href=\"https:\/\/banknotenews.com\/?p=12689\">Read More\u2026<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[53],"class_list":["entry","author-owen-linzmayer","post-12689","post","type-post","status-publish","format-standard","category-east-and-southeast-asia","tag-indonesia"],"_links":{"self":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/12689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12689"}],"version-history":[{"count":1,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/12689\/revisions"}],"predecessor-version":[{"id":12690,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/12689\/revisions\/12690"}],"wp:attachment":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}