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2014 Indonesia Plans To Use 2 Currencies

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The Ministry of Finance stated simplifying implementation plan or the value of the rupiah redenomination will be preceded by the application of two currency or multiple currencies. In substance, the government claimed to have been ready to implement.
Director General of Treasury, Ministry of Finance Agus Suprijanto said, if the process goes smoothly then the legitimacy of the use of two currencies will be from 2014 or two years.
The only difference between the new currency and the currency redenomination results today are the words of the money. As for the picture remains the same and the difficulties that people are not confused.
"If for example, approved in 2013, from 2011 to 2013 preparation, completion in 2022. Years 2014-2018 transition period, 6 months prior to 2014 should be its dual price tag already started and the money which circulated the old and new together outstanding," he said when met in his office, Jakarta, Friday (7/12).
Agus added in 2014 until 2018, the old money and new money will circulate together. Transition period or the use of two currencies that will last for four years. By 2019 all the old money will be withdrawn and replaced by new money that the picture is different with old money.
"Pak minister proposed that this bill can be appointed as the first priority of the discussion in 2013.'s Shown to Baleg and Baleg agree. Hearing will be scheduled during the 3 to 4 January to June," he said.
Later, go Agus, there is a new currency to replace the Rp 100 to Rp 100,000, Rp 50 to Rp 50,000 new, Rp 20 to Rp 20,000, Rp 10 to Rp 10,000, Rp 5 to Rp 5,000, Rp 2 to Rp 2,000, Rp 1 form metal to Rp 1,000. Then Rp 50 cents to Rp 500, Rp 20 cents to Rp 200, Rp 10 cents to USD 100, and Rp 1 to Rp 10 cents.

Last changed: Sun Jun 09, 2013 at 11:28 am

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