Too Many Zeros in Indonesia's Currency May Be Adding to Panic

Indonesia’s stalled campaign to remove some of the zeros from its currency has added to the panic every time the rupiah weakens, according to PT Bahana Sekuritas.

The nation’s parliament has so far this year failed to discuss a long pending bill on rupiah redenomination, which will allow dropping three digits from the currency as sought by Bank Indonesia. A parliamentary approval would have put the the country on an 11-year transition period.