Jakarta, Nov. 12 -- Indonesia's sovereign wealth fund Danantara said Tuesday that the government's planned rupiah redenomination will not affect investment, citing careful preparation and strong safeguards for economic stability.

Danantara Chief Operating Officer Dony Oskaria said investors should not be worried about the policy, emphasizing that any government decision will prioritize national and business interests.

"I believe everything has been considered by the government. There must be in-depth studies; we should not be concerned," Oskaria told reporters.

He said the redenomination plan would strengthen Indonesia's economic foundation and enhance global competitiveness, adding that "everything the government does is undoubtedly f...