Indonesia to Launch Digital Rupiah by 2030

According to PANews, the Bank of Indonesia is set to introduce a digital version of the Indonesian rupiah, known as Rupiah Digital, as part of its Sekuritas Rupiah Bank Indonesia (SRBI) initiative. The rollout is planned to occur in phases, with completion targeted by 2030. The central bank's strategy involves a gradual implementation, beginning with trials for digital securities issuance, transfers, and withdrawals between 2025 and 2026. Further testing will take place from 2027 to 2028, focusing on monetary operations and financial market transactions. Advanced features such as programmability, composability, and tokenization are expected to be introduced between 2029 and 2030. The digital rupiah will be built on distributed ledger technology, as outlined in the Bank of Indonesia's 2030 Payment System Blueprint.