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

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Nivedita Murthy - Senior Security Consultant, at Synopsys Software Integrity Group

Jumat, 08 Januari 2021 - 17:35 WIB

DevSecOps: The good, the bad, and the ugly

DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.

Ilustration Collaborative robots – or cobots (Photo by Robotic Industries Association)

Selasa, 29 Desember 2020 - 16:25 WIB

Universal Robots Reaches Industry Milestone with 50,000 Collaborative Robots Sold

Cobot market pioneer Universal Robots (UR) solidified its frontrunner position today by selling the 50,000th UR cobot, which was purchased by a German manufacturer to enable higher productivity…