Today, we are launching the Digital Rupiah “white paper”, which we named “Project Garuda”, as a step to preserve the sovereignty of the Rupiah in digital ecosystem. This “white paper” contains the fundamental premise and roadmap to be taken (Figure 20). The Garuda Digital Rupiah Project will be implemented in several phases.
Everything revealed short when mature financial markets are under stress. Economic activity is shrinking all around the world and at astonishing pace in some cases, which is accompanied by massive layoffs. Financial markets keeps on the brink and world trade is almost frozen by the lack of banking institutions willing to provide the needed funding.