Counterfeit Money, in the Government's Incapable Hands  

TEMPO.CO, Jakarta - A researcher at the Institute for Development of Economics and Finance (INDEF), Enny Sri Hartati, said Indonesia's current money technology is ten years old and has not been updated. This is supposed to be the government’s homework because, according to her, the circulation of counterfeit money prior to the general elections will increase.

“The government should implement a standard for materials, codes, and security. This is because the current technology to detect counterfeit money, namely 3D, is no longer impenetrable. It’s been compromised,” said Enny on Thursday, December 19, 2013.

Enny added that the counterfeit money circulating among the people are Rp50,000 and Rp100,000 bills. Most are used at night in the suburbs. It is up to the government to monitor and investigate such transactions.

“Moreover, Bank Indonesia must provide counterfeit money detectors in public places. This is to anticipate counterfeit money circulation, since counterfeit money detectors owned by small retailers have been compromised,” she said.

The public should also be given a training about the technology used to circulate counterfeit money, which is becoming increasingly sophisticated.

GALVAN YUDISTIRA