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The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
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The momentum to remove fuel subsidies

  • Izhari Mawardi

Cambridge, Massachusetts | Wed, April 4 2012 | 10:54 am

If Bank Indonesia (BI) cuts three zeros in the Indonesian rupiah, the nation’s consumers would lose confidence in our currency. For many old enough to remember, it would be the sanering or slashing of the currency’s value of 1959 all over again.

If we handle the redenomination quickly, these pains can be minimized. But for the redenomination to work, BI must also expedite the redenomin...

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