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Indonesia looks to slash zeroes off currency notes

Tuesday, December 20, 2016 - 05:50

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.


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

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