Wednesday, May 8, 2013

The Car Insurance Info : Economist: positive for rupiah redenomination banking


Redenomination would reduce hardware and software adjustments in accommodating large numbers of digits. Currently, the ability of a computer can only accommodate 15-digit numbers, while the STATE BUDGET has reached 16 digits, "
Jakarta (The Car Insurance Info)-the re-denomination rupiah will give a positive impact to the world banking because of economic efficiency will be particularly-digit number is getting smaller, says an economist.

"Redenomination would reduce hardware and software adjustments in accommodating large numbers of digits. Currently, the ability of a computer can only accommodate 15-digit numbers, while the STATE BUDGET has reached the 16-digit, "said Bank Mandiri Chief Economist Destry Damayanti in Jakarta on Tuesday.


Bank Mandiri, said Destry, transactions per day reached the Rp40 trillion, while its overall banking transactions in Indonesia already reach Rp400 trillion per day.


When the rupiah denomination not simplified, while increasing transaction and value is getting bigger, Destry says information technology systems in the banking and other computer certainly will "hang".


"For the world of banking, the redenomination will definitely give rise to costs. But cost is not significant. Thus the greater benefits, "he said.


Therefore, Destry exposes redenomination will create efficiencies in the process of recording, storage, management and reporting of data in the financial statements or statistics.


"Re-denomination is also reducing the barriers and constraints of technical possibilities of human error in the process of bookkeeping transactions or other statistical activities," he said.


On the other hand, Destry says the perception or belief communities against the rupiah will also be higher because prices change on a narrow range. Redenomination is also reducing the risk of "currency substition" which further supports a more stable rupiah.


"For the people of Indonesia, the redenomination will also support economic equality with other precincts in the era of the ASEAN economic community by 2015. Currently, the rupiah denomination is very high when compared to other ASEAN countries, "he said.


Destry Damayanti was one of the speakers at the Seminar ", Indonesia ready to face the Re-denomination?" held the set Student Study Accounting scandal Perbanas Institute at the Auditorium scandal Perbanas Jakarta.


In addition to the other speaker is Destry, Executive Director of the Center for Educational Research and the Central Bank Bank Indonesia Iskandar Simorangkir and economic experts University of Indonesia Jakarta Telisa Aulia Falianty. (*)




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Title Post: The Car Insurance Info : Economist: positive for rupiah redenomination banking
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Author: Mohammad Zulfi Satriawan

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