Plans to issue digital rupiah are based on at least three main considerations, namely: (i) Digital rupiah as legal tender in the Republic of Indonesia issued and circulated by Bank Indonesia as the central bank institution mandated in the Constitution and Law, (ii) Readiness of payment system infrastructure and financial markets that are integrated, interconnected, and interoperable, which in time will become wholesalers of digital rupiah, and (iii) Choice of technology platforms that support the issuance and circulation of digital rupiah, such as Distributed Ledger Technology (DLT) or Centralized Ledger.
In 2022, Bank Indonesia will issue a conceptual design for digital rupiah. In terms of the cash payment system, the policy direction will focus on providing quality rupiah currency and maintaining adequate cash throughout the territory of the Republic of Indonesia in accordance with BPUR 2025.