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TNT
Harambe:
Bank Indonesia Explains Why Rupiah Redenomination Yet to Be Realized – News En.tempo.co (6/23/23)
TEMPO.CO, Jakarta – Bank Indonesia stated that rupiah redenomination or simplifying the number of digits in the rupiah, such as from Rp1,000 to Rp1, has been prepared for a long time. The country’s central bank Governor Perry Warjiyo claimed that Bank Indonesia is ready to carry out the plan.
Perry explained that he had paid attention to the design, stages, and steps toward this transition. “But of course, this decision requires the right timing,” Perry said in a virtual press conference on Thursday, June 22, 2023.
Perry outlined three factors that prevent the policy from being implemented. It must be executed during good macroeconomic conditions and a stable monetary and financial system. In addition, the country’s socio-political conditions must also be supportive, positive, and strong.
Indonesia’s economy is relatively good, he said, but there is still uncertainty in the global economy. The public is thus expected to be patient waiting for the right moment.
Perry was reluctant to explain the reason from a social and political perspective. “The government knows better,” he shortly responded.
Redenominating the national currency will remove the three zeros. Although the number will be smaller, this will not make the value of the rupiah. The redenomination plan was first voiced by Darmin Nasution when serving as BI Governor from 2009 to 2013.
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The issue of rupiah redenomination emerges almost every year, generally during Money Day. However, this plan is not yet realized since it was first initiated during the era of President Susilo Bambang Yudhoyono and the era of President Joko Widodo or Jokowi.
The Finance Ministry also released the bill on rupiah redenomination as one of the focuses of the 2020-2024 National Medium-Term Development Plan (RPJMN). The ministerial regulation (PMK) No. 77/PMK.01/2020 contains the details of the ministry’s strategic program.
Previously, Bank Indonesia stated that a special team is studying the rupiah redenomination while monitoring developments in the economic situation. In the 2014-2019 period, the plan was included in the Finance Ministry’s strategic program but was not executed.
Jokowi declares 5-day weekend for Indonesians – Mothership.SG News (6/22/23)
The Indonesian government announced on Jun. 20 that they will designate Jun. 28 and 30 as collective leave days for Eid al-Adha, or Hari Raya Haji.
The additional leave days were announced via a joint ministerial decree signed between the Ministry of Religious Affairs, Ministry of Manpower and Ministry of State Apparatus Utilisation and Bureaucratic Reform, CNBC Indonesia reported.
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“The Joint Decree will take effect on the date set (Jun. 16),” it read.
It was previously said that Indonesia would only observe one day of national holiday for Eid al-Adha, which falls on Jun. 29.
This means that Indonesians will be getting a longer Eid al-Adha holiday from Jun. 28 to Jul. 2, including the weekend.
Eid al-Adha
Eid al-Adha is one of the two main holidays celebrated by Muslims.
It is known as the Feast of Sacrifice and honours the Prophet Abraham (or Ibrahim), who was willing to sacrifice his son Ishmael (or Ismail) as a test of faith.
It also commemorates the hajj or pilgrimage to Mecca in Saudi Arabia, which all Muslims are expected to perform at least once in their lifetimes.
The decision to add more leave days was also raised as Indonesian authorities acknowledged that the holiday may be observed on different days, CNN Indonesiareported.
https://mothership.sg/2023/06/indonesia-5-day-weekend/
NewGirl:
Hmmmm, first Iraq has their holiday extended to July 2nd, now we hear about Indonesia. Might there be some reason to shut down banking over the last weekend at the start of the 3rd quarter of the year? Timing is kinda interesting. Lol.
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CandyKisses:
Kurdistan Region cities wait for tourists for Eid al-Adha holiday
Baghdad – NAS
The Kurdistan region has completed all procedures and preparations for receiving tourists during Eid al-Adha through land and air ports with the rest of the country’s governorates. The current and coming days will witness the influx of thousands of families coming from various governorates of the country to the regions of the region in order to spend the Eid holiday in their resorts.
The official spokesman for the Saudi Tourism Authority in the region, Ibrahim Abdul Majeed, said in a statement, followed by “NAS” on Saturday (June 24, 2023), that the authority has completed all its procedures in cooperation with the competent authorities, to receive tourists from air and land ports, especially those coming with their own wheels or through tourism companies, the most important of which is the work of facilities at checkpoints and security controls through border crossings, to ensure that there is no delay for citizens in them.
He added that “the mobile teams of the authority will be present in the mentioned places to facilitate procedures for citizens, pointing to the continuation of its work to monitor hotels, restaurants, cafes, tourist and entertainment places to provide the best services to tourists coming to spend the Eid al-Adha holiday, recalling that the number of those who arrived in Erbil during Eid al-Fitr exceeded 63,<> tourists.”
In the same context, the Director General of Sulaymaniyah Tourism, Ali Raouf, attributed the doubling of the number of tourist arrivals to two reasons, “the first is the reluctance of many Iraqis to travel to Turkey and Iran and head to the region, and the second is the start of the summer vacation,” pointing to “the cooperation of his department with the Directorate of Antiquities so that the Sulaymaniyah Museum is able to receive all numbers during the days of Eid, as well as providing its virtual service to its visitors via the Internet, which it adopted a few days ago.
For his part, Sulaymaniyah Mayor Awat Mohammed said that “the special committee for receiving tourists has tightened its precautionary measures to prevent the occurrence of hemorrhagic fever because the province has so far been free of any infection, in addition to being a season for sacrificial animals, noting that all service and security preparations have been completed in cooperation with the Sulaymaniyah Police Directorate to facilitate the entry of families during the Eid holiday.”
Source: Dinar Recaps
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