Realization Of Cash Exchange Service Reaches IDR 75 Trillion

Rupiah (Photo: Antara)

JAKARTA - Bank Indonesia (BI) revealed that cash circulating in the community until March 27, 2024, had realized Rp75 trillion. Previously, BI had prepared cash of Rp197.6 trillion in the period of Ramadan and Eid al-Fitr in 2024.

"Until yesterday, the amount that had been released was Rp. 75 trillion, from Rp. 197.6 trillion. So it was almost 38 percent," said Head of the BI Money Management Department, Marlison Hakim at Istora, Senayan, Jakarta, Thursday, March 28, 2024.

According to Marlison, the peak of the money exchange will occur during this long holiday until next week. Because it is approaching Eid al-Fitr.

"This peaks at the end of this week's four-day holiday, the same as next week because people are getting ready to go home with money," he explained.

Marlison conveyed the reason for the peak exchange of money which will occur at the weekend and next week because the average community has started to pay installments to take home this year's Eid.

According to Marlison, the largest area of money exchange occurred in Java to reach 60 percent. While the smallest is in the Bali and Nusa Tenggara (Nusra) regions.

"At most 60 percent in Java, the others are then divided into the smallest Bali aNusra. It depends on the points of the pockets of the homecoming," he said.

Previously, Marlison said that this year BI's money exchange had provided Rp197.7 trillion. This figure is an increase of 4.65 percent, compared to last year's Rp188.8 trillion.

Marlison detailed that the need for money during the Ramadan and Eid periods, among others, was large denominations (UPB) of Rp172.8 trillion and small denominations (UPK) of Rp24.6 trillion.

In addition, BI set the amount of Rupiah currency exchange for Eid 2024 to a maximum of Rp. 4 million compared to the previous year of only Rp. 3.8 million.

As for the period from March 15 to April 7, 2024, the public can exchange rupiah currency at 4,264 public bank office service points spread throughout Indonesia.

Meanwhile, integrated exchange services for BI and banking cooperation will start from March 28 to March 31, 2024 at Istora Senayan, DKI Jakarta. In the regions, it will also be held in stadiums and city squares.

Furthermore, from April 2 to April 5, 2024, Bank Indonesia will add locations for exchange services on the homecoming route such as toll road rest areas, ports and train stations.

In addition, there is also mobile cash services in strategic locations and cash around the river to serve rupiah exchange.