The discourse on the redenomination of the rupiah has resurfaced amid a slowing economy. This step could symbolize confidence in macroeconomic stability, but it also raises questions: is the purchasing power of the public ready to face nominal changes without changes in real value?
For investors and business actors, redenomination is not just about cutting zeros. It is a test of national economic perception — is Indonesia strong enough to 'lift its image' without shaking the domestic market?
Currency reform is not about numbers, but about trust.
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