Danantara Boss Says Redenomination Of Rupiah Will Not Affect Investment

Danantara Chief Operating Officer (COO) Dony Oskaria. (Photo: ANTARA)

JAKARTA - Danantara's Chief Operating Officer (COO) Dony Oskaria assessed that the rupiah redenomination plan will not affect the investment climate in Indonesia because the government has conducted an in-depth study before making the decision.

Dony said that government policies always go through a process of careful consideration and aim to maintain national economic stability, so that business actors do not need to worry about the impact that may arise.

"Oh, I think the government has thought of it. Of course there has been an in-depth study, don't worry about it," Donny said as quoted by ANTARA, Tuesday, November 11.

He conveyed this when the media crew asked for a response regarding the rupiah redenomination by the Minister of Finance Purbaya Yudhi Sadive on the national investment climate.

According to him, every strategic step taken by the government, including redenomination, is part of efforts to strengthen the foundation of the national economy in order to be able to compete at the global level.

He considered that the government would certainly not issue policies without careful calculations, especially those directly related to the interests of the community and the sustainability of domestic investment.

"Everything that must be done by the government is definitely the best, it is impossible to do something that is not best for the community," he said.

Danantara ensured that he was not the least worried about the policy because he believed that every step the government had always taken sides with the national interests and welfare of the people.

"Oh no at all, not at all (worried) because for us whatever the government does is definitely something good and has been thought of. So it is impossible to take a policy without deep thinking, everything must have been thought of well," said Dony.

As previously reported, the Government is preparing a Bill on Changes in Rupiah Prices (Redenomination), with a target of completion in 2027.

The preparation of the bill is stated in the Minister of Finance Regulation (PMK) Number 70 of 2025 concerning the Strategic Plan of the Ministry of Finance for 2025-2029.

In the PMK, it is explained that the Ministry of Finance has prepared four draft laws, namely the Bill on Auction, the Bill on State Wealth Management, the Bill on Changes in Rupiah Prices (Redenomination), and the Bill on Appraisal.

The PMK also mentioned that several urgencys in the formation of the Redenomination Bill, among others, for economic efficiency, can be achieved through increasing national competitiveness, maintaining the continuity of national economic development, maintaining stable rupiah value as a form of maintaining people's purchasing power, and increasing the credibility of the rupiah.