Economic expert opinion about the re-denomination Rupiah in Indonesia

JAKARTA. The Government intends to make the Bill a currency redenomination. The hope, next year the BILL the re-denomination it could be a priority topic in the HOUSE of REPRESENTATIVES.

However, the Chairman of the Committee on national economy (KEN) Chairul Tanjung (CT) rate, the re-denomination rupiah yet important done in Indonesia.

The problem, said CT, implementation of the re-denomination it requires maximum socialization. "Indonesia is a vast archipelago, so it takes an outstanding socialization," she said after Indonesia economic prospects event 2013, Monday (10/12).

According to him, if this is still done, then there will be a decrease in confidence in the rupiah. So people prefer to buy goods or gold.

CT argue, redenomination needs to be done in a country experiencing a great inflation (hyperinflation). In order to be controlled then it needs to be done the re-denomination. "Indonesia's inflation is now under control, it doesn't matter," he said.

According to him, there is still much that needs to be a priority at this time rather than the re-denomination. For example, the law on the Financial System safety net (JPSK) and the ASEAN free market he still deserves to be a priority.

"To the crisis in the event of JPSK, we already have a LAW. While ASEAN, we must prepare ourselves to not only be a market for ASEAN free market, but also as a player, "stated CT.

sources : http://nasional.kontan.co.id/news/ini-pendapat-chairul-tanjung-soal-redenominasi/2012/12/10