New Money Exchange For THR Eid Should Not Be Individual, Check The Way And Schedule

Illustration of new money (Photo: Special)

JAKARTA - Bank Indonesia (BI) is updating new money exchange procedures in the momentum of Ramadan and Eid al-Fitr this year. Head of Money Management Department of BI Marlison Hakim said there are a number of rules that must be adhered to by the public in this process.

First, BI does not accept money exchanges submitted individually or individually. It is intended to avoid crowds in the pandemic period as it is today.

Second, the new money exchange service is only done to groups or communities collectively by first making an agreement with the central bank. In addition, BI also appointed an official banking partner to exchange new money to the public.

"We don't want any COVID-19 clusters in the banking environment," Marlison said in a webinar today, Wednesday, April 14.

Especially for banking partners, the institution led by Perry Warjiyo mentioned that it has partnered with 107 financial institutions with more than 4,600 outlets throughout Indonesia.

The new money exchange itself has started to be implemented at the beginning of this week, April 12 to May 11, 2021.

For information, this year BI has prepared rp152.14 trillion of kartal money to anticipate the needs during Ramadan and Eid al-Fitr 2021.

The amount increased by 39.33 percent compared to the same period last year of Rp109.2 trillion.

Meanwhile, the most kartal money withdrawals this year were conducted by cash task force (satker) in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) with a total of Rp39.99 trillion. While the lowest occurred in satker West Papua amounted to Rp320 billion.

As for large areas in Indonesia, the spread of money is still dominated by Java island with the amount of Rp59.4 trillion. Then followed by Sumatra Rp25.9 trillion, Kalimantan Rp10.3 trillion, Bali and Nusa Tenggara Rp5.5 trillion, and the rest in various regions throughout the archipelago.