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)
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)

News Comment

Today's Industry

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…