Bank Indonesia Destroys Counterfeit Money

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  • Special and economic crime director Brig. Gen. Agung Setya with BI money management director Decymus (center). TEMPO/Imam Sukamto

    Special and economic crime director Brig. Gen. Agung Setya with BI money management director Decymus (center). TEMPO/Imam Sukamto

    TEMPO.CO, Jakarta - Bank Indonesia (BI) seized and physically destroyed 189,477 sheets of counterfeit money on Wednesday, July 26. Before the counterfeits were destroyed, according to BI Executive Director of Money Management Suhaedi, the fake bills were firstly verified and analyzed for its authenticity at the BI Counterfeit Analysis Center (BI-CAC) laboratory.

    After the bills were verified to be counterfeit, they were handed over to the National Police’s Criminal Investigation Corps (Bareskrim), and the destruction was then legalized by the South Jakarta District Court. The counterfeit money was discovered in the period of 2014-2016.

    Read: Bank Indonesia Provides Rp70 Trillion New Cash

    Suhaedi claimed that the findings were considerably lower than in the past. Suhaedi claimed that high domestic transaction volume made it difficult to eradicate the spread of counterfeit money, even though banks are already well-equipped with numerous devices capable of minimizing it.

    Most of the seized and destroyed counterfeit money were Rp100 thousand bills, followed by Rp50 thousand, and Rp20 thousand bills.

    GHOIDA RAHMAH