Rupiah revaluation

Rupiah revaluation

From Media Indonesia

To welcome the newly-elected President, Vice President and the new cabinet, I would like to suggest that the government through the Ministry of Finance revalue the rupiah from Rp 1,000 to Rp 1, so if one U.S. dollar is now equal to Rp 9,000, after the revaluation one dollar would be equal to Rp 9, which I think is quite proportional.

The revaluation of the rupiah would not affect the prices of goods, and is meant not only to allow for easy, safe and practical transactions (we wouldn't have to carry bundles of money to settle a big deal), but also to enable us to dispense with talking in millions when these millions do not mean very much.

The highest denomination bank note would be only Rp 1,000, which would be the equivalent of Rp 1,000,000 now.

The future generation would then become acquainted with the term "cent" or, perhaps, "penny". Hopefully, the authorities will respond positively to my suggestion.

TOHA M

Bekasi, West Java