BI Claims False Ratio Down
By : Herry Barus And Aldo Bella Putra | Wednesday, June 06 2018 - 19:30 IWST

Uang Palsu ( Foto Dok Industry.co.id)
INDUSTRY.co.id - Jakarta - Bank Indonesia claims the ratio of fake rupiah currency circulation until the third week of Ramadhan, May 2018, has dropped to three pieces of counterfeit money on one million pieces of original money.
The ratio is less than in Ramadan 2017 which as many as nine pieces of counterfeit money on a million pieces of genuine rupiah.
"Why the decline? Because BI strengthen coordination with law enforcement to provide a deterrent effect to the counterfeit money, we want to take firm action," said Deputy Governor of BI Rosmaya Hadi in Jakarta, Wednesday (06/06/2018).
As a result, said Rosmaya, during the three weeks of Ramadan this year, the Central Bank has not received a report from the Police and the public related to the circulation of fake rupiah money.
Executive Director of BI's Money Management Department Suhaedi added that the number of counterfeit money circulation has dropped dramatically in the past three years, especially in areas prone to counterfeit currency such as Java. By 2016 the ratio of counterfeit money is 1:13, and then decreases in 2017 to 1: 9, and now 1: 3.
"The results of coordination with the Police, after strong law enforcement, the ratio continues to decline, the end of 2019 is still 1: 9, now it is 1: 3," he said.
In addition to strengthening coordination with law enforcement officials, the level of public knowledge related to counterfeit money is also increasing. One of the socialization to guess the authenticity of money by being seen touched and looked at.
In this year's Ramadan and Idul Fitri, the Central Bank prepares cash requirements of Rp188 trillion, up 15.3 percent compared to the same period in 2017 of Rp163.2 trillion.
BI appealed people to exchange new money for the needs of the celebration of Lebaran on the place or official booths prepared by BI and also banking, in order to avoid counterfeit money and also the burden of fees for the exchange.
There are 2,076 currency exchange points from BI and banks spread throughout Indonesia. The location of the exchange can be found in the cash office of BI, banking office, or public places such as the National Monument in Jakarta.
After that, money changers will move towards the cash around that even in the lanes of going home. Thus, the exchange points will follow the mobility of the community. (Ant)
Read Also
FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance…
CTBC Supports Taiwanese Employees to Go Overseas
Rakuten Card’s Systems Development Subsidiary in Vietnam Relocates…
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
Today's Industry

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…
News Comment