Tiswhwash: I know it says 2027 don’t let that bother you. I don’t recall ever seeing an article like this about the Rupiah
Rp1,000 Becomes Rp1? Indonesia Eyes Rupiah Redenomination Bill by 2027
Jakarta. Indonesia is preparing a draft law to redenominate the rupiah –a long-discussed plan to trim zeros from the currency– with the legislation targeted for completion in 2027.
The measure appears in Finance Ministry Regulation (PMK) No. 70/2025 on the ministry’s 2025–2029 strategic plan, issued on Oct.10 and enacted on Nov. 3.
“The bill on the redenomination of the rupiah is a carried-over bill that is planned for completion in 2027,” the document states.
Redenomination would remove several zeros from rupiah denominations without altering purchasing power. For example, Rp 1,000 would become Rp1, but the value of goods and services remains unchanged.
Officials argue the move is intended to improve economic efficiency, increase the rupiah’s credibility, and enhance Indonesia’s competitiveness, while reinforcing confidence in the national currency.
The idea of trimming rupiah digits has periodically resurfaced for more than a decade.
In 2023, Bank Indonesia said it was technically ready to implement redenomination, including design work and operational planning, but had not yet found the right timing. Policymakers cited three main considerations: domestic and global macroeconomic conditions, monetary and financial system stability, and social-political dynamics. The central bank emphasized that redenomination is not devaluation, but past experiences (inflation, currency crises) make the public cautious.
A similar discussion emerged in 2016 under President Joko Widodo and then-BI Governor Agus Martowardojo. A draft bill was submitted to the legislature in 2015, but it has never been passed. link
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Tishwash: ExxonMobil CEO optimistic after company’s return to Iraq
ExxonMobil CEO Darren Woods said during an interview in Sao Paulo, Brazil, on Friday that he is optimistic about the company’s potential return to Iraq.
Woods, who was in Brazil’s financial center to attend events related to the UN Climate Summit (COP30), added that acquisitions represent a pivotal part of the company’s work in the energy sector. link
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Tishwash: Sudanese: There is no economic, service, or developmental field in which we have not made an achievement.
Prime Minister Mohammed Shia al-Sudani confirmed on Friday that his government was not formed in ideal circumstances, but it launched many projects without hesitation.
Al-Sudani said during a conference held in Baghdad, “We will choose the outstanding achievement in the fund and turn the page on the remaining pages of failure, corruption and limited vision. We choose construction, reconstruction and development. We launched the projects without hesitation, but with clear planning and vision and serious follow-up, and we continued day and night for the sake of achievement.”
He added, “We are still planning for Baghdad not for one or two years, but for the next twenty-five years, just as we are planning for Iraq for the next twenty-five years.”
He continued, “Our strength comes from you, the generous people of Baghdad, and our drive to perform our duty comes from your conviction in us, in our work, and in what we plan to complete.”
Al-Sudani added, “We will expand the boundaries of the Baghdad Municipality to include new districts and sub-districts, and we will launch (Greater Baghdad Municipality) to end the problem of overlapping powers, overlapping services, and administrative and service confusion.
He added, “Our government was not formed in ideal circumstances, and trust was shaky between the citizen and the steps taken by state agencies. Thousands of stalled projects accumulated, and with them, sums exceeding $100 billion were frozen. The development process was disrupted, with a mono-economy and limited opportunities in government jobs.”
He added, “We are not accustomed to complaining in our discourse, nor to attributing setbacks to past causes, despite the many chaotic decisions and lack of vision that we inherited. We started with priorities that directly relate to the needs of the Iraqi family, youth, students, workers, laborers, farmers, employees, and all segments of society, and we focused on combating corruption and poverty and reducing unemployment. There is not enough space to list the indicators of change and progress, but we say with certainty: there is no economic, service, or developmental field in which we have not made a clear and tangible achievement.”
The Prime Minister added, “I call upon you, the people of Iraq, to support our honorable path. I call upon you to protect what you have achieved through your patience, efforts, and money. I call upon you to support the reconstruction and development process and to participate effectively in the elections. These elections are the most important since 2003 until today, because they will determine your future and the future of Iraq for the next twenty years. Every sincere vote is important, so never compromise your rights, never underestimate your strength, and do not allow the corrupt and the failures to return to manipulate you, your city, and your Iraq.”
He pointed out that “Baghdad needs your support, and Iraq needs your support, so that we can continue the journey towards the future, and never return to the painful past, where there was failure, laziness, neglect, corruption, and poor planning and management.
Some in Baghdad have challenged us and said that they will garner the most votes, but we do not challenge anyone, because we trust you. We trust your choice, and you will not give your votes based on sect or ethnicity. Your vote will not be for a candidate only, but it is a vote for the present and the future, so do not allow the people of crises to return to you, nor the people of lies and deception to tamper with your lives.”
He concluded by emphasizing that “election day is just one day, but its result will either move us forward for the next four years, or set us back another four years that will be lost from the progress.” link
