Indonesia Plans Digital Rupiah by 2030

The Bank of Indonesia is paving the way for a digital Indonesian rupiah, called Rupiah Digital, as part of its Sekuritas Rupiah Bank Indonesia (SRBI) initiative. This rollout, planned to be completed by 2030, will involve phased implementation. The initial phases are set to begin in 2025-2026, focusing on trials for digital securities issuance, transfers, and withdrawals. Testing will continue until 2028, with a focus on monetary operations and financial market transactions. Advanced features such as programmability, composability, and tokenization are expected to be introduced between 2029 and 2030.