“No more ‘millionaire’ tourists” – Indonesia to Redenominate Rupiah & Remove Zeros, IDR1,000 to Be IDR1

Indonesia is planning to introduce a new bill to redenominate its currency, the Indonesian Rupiah (IDR), essentially removing the zeros. For example, IDR1,000 would just be IDR1.

The move is part of the Republic’s efforts to improve economic efficiency, maintain stability and improve the IDR’s credibility.

For illustration purposes

Indonesia plans to redenominate the Rupiah, slashing the zeros from the currency

According to Reuters, the bill is a carryover draft bill that is planned to be finalised by 2027 by the country’s Finance Ministry.

The plan to slash zeroes from the IDR is not something new, as it had been discussed several times in the past.

Yudhi sadewa

Most recently, such a move was submitted as a draft by the Indonesian Government to Parliament in 2013, proposing that three zeroes be slashed from the IDR banknote. However, the draft was ultimately shelved.

Indonesian portal Detik reported that Finance Minister Yudhi Sadewa had prepared the regulatory framework related to the redenomination of the IDR under the Regulation of the Minister of Finance (PMK) Number 70 of 2025 concerning the Strategic Plan of the Ministry of Finance for the Year 2025-2029.

PMK 70/2025 was established on 10 October 2025 and came into force on 3 November 2025. Yudhi is targeting for the bill to be completed in either 2026 or 2027.

However, it was not revealed how many zeros the bill would slash from the IDR.

For illustration purposes

So, what do you guys think of this move by the Indonesian Government? Share your thoughts with us in the comments. 

Also read: As RM1 Nears IDR4,000, Official Stats Reveal That Malaysians Are Most ‘Kedekut’ While in Indonesia