Rupiah Redenomination to Reshape Stock Price Structure, IDX Warns
Ubud, Bali. The rupiah redenomination plan will directly affect Indonesia’s stock-market pricing structure, as removing three zeros from the currency could leave many listed shares trading at extremely low nominal prices, Indonesia Stock Exchange (IDX) President Director Iman Rachman said recently.
Redenomination — which will drop three zeros from the rupiah without reducing its real value — will force the IDX to revise transaction rules across the board.
“For example, if a stock price is only Rp 200, will we allow decimal pricing, or trade in cents?” Iman told reporters during a media gathering in Ubud on Saturday.
He stressed that any changes must be carefully prepared…
