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BI: Counterfeit Money Circulation Continues to Decline in Indonesia

Translator

Antara

Editor

Nabiha Zain

21 June 2024 10:26 WIB

TEMPO.CO, JakartaBank Indonesia (BI) Deputy Governor Doni Primanto Joewono said the circulation of counterfeit money continues to decline in Indonesia.

"In 2019, there were 9 PPM (Parts Per Million). In one million pieces, there were 9 counterfeit notes in 2019, then in 2020-2023 it dropped to 5 pieces in one million pieces and actually in 2024 there are only 2 pieces in one million pieces," Doni said on Thursday.

In the Announcement of the Results of the BI Board of Governors Meeting in June 2024, he said the decline in the circulation of counterfeit money in the country was due to cooperation between all parties to prevent counterfeit money from circulating.

"Once again, appreciation to all parties, and of course, we will provide money with enough fractions and denominations. We also do it in remote areas so that people are not deceived by counterfeit money," he said.

In addition, Doni said BI appreciated the Indonesian National Police (Polri) 's disclosure of counterfeit money.

Polda Metro Jaya stated that the counterfeit money worth Rp22 billion printed in an accounting office in the Srengseng area, Kembangan, West Jakarta, had not yet been circulated to the public.

"We at Bank Indonesia certainly appreciate every disclosure of counterfeit money carried out by the Police as a form of law enforcement for criminal acts against the rupiah, especially we appreciate the Metro Jaya Police," said Doni.

He said that Indonesia has a Counterfeit Rupiah Eradication Coordinating Agency (Botasupal), a non-structural institution under and responsible for the president. Botasupal functions as the coordinator of counterfeit rupiah eradication.

Botasupal elements include the National Intelligence Agency, the Indonesian National Police, the Attorney General's Office, the Ministry of Finance, and Bank Indonesia.

At BI, there is the Bank Indonesia Counterfeit Analysis Center (BI-CAC) that will analyze counterfeit rupiahs.

"Once counterfeit notes are found, they will be handed over to BI for examination at BI-CAC," he said.

ANTARA

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