The transformation is directed at providing currency fit for circulation with appropriate denominations, just-in-time money management driven by the central bank, in line with the direction of less-cash policies, whilst paying attention to efficiency and the national interest. The implementation of the transformation is conducted by promoting digitalization at all stages of Rupiah money management from planning, storage and processing to distribution (Figure 7).
Short-term actions range from (i) a legislative proposal to develop simple and transparent securitisation, possibly subject to favourable prudential treatment, through (ii) a revision of the capital requirements on investments in infrastructure for insurance companies, to (iii) the simplification of the Prospectus Directive (so as to facilitate listing for firms, especially SMEs).