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Indonesia looks to slash zeroes off currency notes

Tuesday, December 20, 2016 - 05:50

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The rupiah is one of the highest denominated notes in Asia, and Bank Indonesia has proposed cutting three zeroes from the currency to simplify payments.

Jakarta

INDONESIA'S central bank is reviving a plan to redenominate the currency of South-east Asia's biggest economy despite the threat of market turmoil as the US steps up the pace of interest-rate increases.

"Redenomination must be done while the economy is stable," Bank

sentifi.com

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