OJK Commissioner Dismisses Rush Money Rumor amid the Pandemic
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27 August 2020 23:32 WIB
TEMPO.CO, Jakarta - Financial Services Authority (OJK) Chief of Board of Commissioners leader Wimboh Santoso warned the public to not believe in rumors suggesting the fall of the banking industry that leads to rumors of 'rush money,' which is the act of simultaneously withdrawing money stored in banks.
"In terms of the call to withdraw money in banks. Those spreading the lies should be reported to the police as the actual condition shows good bank liquidity," said Wimboh in a virtual press conference on Thursday, August 27, 2020.
Wimboh assured that the government has mitigated the issue to maintain healthy liquidity in banking throughout the pandemic and gives an example of how the government disbursed IDR 30 trillion to state-bank associations (Himbara) for the purpose of chanelling loans for SMEs.
So far, the OJK leader said that bank liquidity is considered safe. In addition, he underlined that the channeling of fresh fund help raises confidence of industries to financial services industries. In terms of comparison, the Covid-19 crisis is starkly different from the 1997-1998 monetary crisis.
FRANCISCA CHRISTY ROSANA
