Money is the heart that pumps the flow of the economy and serves as a support system for human life, a role it has held long before the Industrial Revolution began in the 18th century.

The Rupiah currency we know today is the result of the evolution of the De Javasche Bank Guilder, Dutch currency, and Japanese currency as of October 1, 1945. Over time, Bank Indonesia was established as Indonesia's central bank on July 1, 1953, with one of its objectives being the nationalization of De Javasche Bank. In addition to establishing its first Central Bank, that year also marked the first issuance of Rupiah banknotes featuring Indonesian figures and culture.

In line with the advancements of globalization and modernization, money has now transcended its basic function as a medium of exchange. As a commodity capable of sustaining life and providing comfort (luxury), the existence of money has also become a determinant of social identity. This is further supported by the growing cultures of gratification and consumerism.

Nevertheless, we must also realize that money is a relatively fragile commodity that must be managed well. Recently, our friends at UNDIRA (Kawan UNDIRA) have surely heard discussions regarding the Composite Stock Index (IHSG), Trade Wars, and various other topics related to finance.

Friends of UNDIRA, financial literacy and financial management are crucial today. Financial positions can now be easily overturned. As a case study, Indonesia was recently one of the countries affected by the US proposal to raise export tariffs on China by 100%. This hike not only disrupted international trade supply chains but also eroded the resilience of our currency and capital markets.

Friends of UNDIRA, this October 30th coincides with National Finance Day, also known as 'Hari Oeang Nasional' (National Money Day).

National Finance Day is not just a historical note marking the creation of the Rupiah as Indonesia's currency; it also serves to instill integrity, awareness, appreciation, and proficiency in managing our beloved country's currency, while upholding accountability to build the national economy.

This is certainly in line with the spirit of the 79th National Finance Day in 2025, which is: “Kemenkeu Satu Kawal Asta Cita”. This theme refers to the Ministry of Finance's commitment to spearhead efforts toward realizing an advanced Indonesia.

Recently, we have been presented with the various efforts deployed by the Minister of Finance, Mr. Purbaya Yudhi Sadewa, to elevate the economy and financial resilience of the Republic of Indonesia through IDR 200T in funding to the HIMBARA banks (the Association of State-Owned Banks: Bank Mandiri, Bank BRI, Bank BNI, and Bank BTN), with the hope of providing a stimulus for Indonesia's finances to develop stably toward prosperity, in line with our Asta Cita goals.

However, the government's role alone is not sufficient to boost our economy and finances. This is where our role as a society becomes crucial. In the context of financial literacy, protecting the sovereignty of the Rupiah is a shared responsibility. Its manifestation is tangible and can begin with ourselves: by appreciating, buying, and being proud to use local products.

Every Rupiah we spend on domestic products is a small step toward strengthening the domestic economy and reducing dependence on imports. Furthermore, we are called upon to continuously innovate and create, adding value that allows Indonesian products to succeed at home and compete on the global stage. This is true synergy: the government oversees policy, while society strengthens the economic foundation from the ground up.

Starting with our fundamental role as academics, the world of education is at the forefront of realizing the "Asta Cita" through the development of human resources and financial literacy. Higher education is not merely tasked with producing a workforce, but with forging resilient individuals who are ready to face economic realities, prudent in managing personal finances, and innovative in contributing to Indonesia's progress.

The younger generation is the architect of the nation's future. We are the source of strength to shape and direct the country's development through the ages with fresh ideas and professional execution. Together with the UNDIRA Accounting Study Program, let us build an economy and financial system that is Visionary, Professional, and full of Integrity! Let us enhance our awareness and commitment to managing finances more wisely for a more secure future. Happy National Finance Day.

Source of Reference:

30 Oktober Memperingati Hari Keuangan Nasional: Sejarah, Makna, dan Tema Resmi dari Kemenkeu

Sejarah Oeang Republik Indonesia (ORI)

(Danang Respati Wicaksono / Humas UNDIRA)