Realizing the Importance of Rupiah Digital to Achieve Economic Growth in Sustainable Development Goals

DOI

10.2991/978-2-38476-317-7_132How to use a DOI?

Keywords

Digital Rupiah; UUP2SK; Economic Growth; Sustainable Development Goals (SDGs)

Abstract

Financial technology development in the banking world has a role in encouraging the transformation of the digital economy towards Sustainable Development Goals (SDGs) to improve the economy that continues to innovate according to people’s needs. This innovation is found in information technology-based public payment instruments, this condition encourages Bank Indonesia to create a Digital Rupiah adopted from Central Bank Digital Currency (CBDC) as a legitimate digital currency. The implementation of the Digital Rupiah is used as a game changer in providing competitive advantages of Indonesian businessmen in dealing with international trading partners. Writing aims to; first, know and analyze the legislation regarding the Digital Rupiah as a valid digital currency in Indonesia after the establishment of the P2SK Law. Second, to analyze the opportunities and challenges of implementing the Digital Rupiah as a game changer in encouraging the transformation of the digital economy towards Sustainable Development Goals (SDGs). This study was applied with qualitative research and a normative juridical approach that analyzed various secondary data related to the issue of implementing the digital rupiah. The legality of the implementation of the digital rupiah is listed in Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector, but there is a challenge in implementing the digital rupiah that needs to be reviewed again, regarding the internal and external aspects of the country that affect it. Therefore, Bank Indonesia needs to conduct further studies governing the digital rupiah in BI Regulation. The factor of Indonesian people who are accustomed to implementing electronic money is an opportunity from the implementation of the Digital Rupiah through the Central Bank Digital Currency (CBDC).

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ayup Suran Ningsih
AU  - Aprila Niravita
AU  - Nurul Fibrianti
AU  - Rini Fidiyani
AU  - Bayangsari Wedhatami
AU  - Ratih Damayanti
AU  - Ferra Tiara Maharani
AU  - Harumsari Puspa Wardhani
PY  - 2025
DA  - 2025/02/13
TI  - Realizing the Importance of Rupiah Digital to Achieve Economic Growth in Sustainable Development Goals
BT  - Proceedings of the International Joint Conference on Arts and Humanities 2024 (IJCAH 2024)
PB  - Atlantis Press
SP  - 1352
EP  - 1364
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-317-7_132
DO  - 10.2991/978-2-38476-317-7_132
ID  - Ningsih2025
ER  -