Considering the advancement in 2022 in Indonesia and internationally, including through cooperation in the G20 forum, IMF, and BIS, the Digital Rupiah development plan in 2023 will cover the following three aspects. First, the conceptual design, which is currently in the finalization stage, will soon be published as a consultative paper for inputs from the industry and public (Scheme 14).
In addition, Bank Indonesia is planning to build a technology platform for the Digital Rupiah Vault or “Khazanah Digital Rupiah (KDR)”, Distributed Ledger Technology (DLT) or blockchain technology for its issuance, as well as establish several banks and nonbanks qualified as “wholesalers” that will be appointed to be able to circulate Digital Rupiah for the public.