Partager:

JAKARTA Governor of Bank Indonesia (BI) Perry Warjiyo gave the latest information about the implementation of digital rupiah or often known as Central Bank Digital Currency (CBDC). According to Perry, his party is currently finalizing digital rupiah so that it can bring benefits to all parties.

The CBDC concept is indeed in maturation. We just received input from the industry at the end of June (financial sector business actors). Friends in BI are still working on it," he said at the KSSK press conference quoted Wednesday, August 2.

Perry explained that the central bank has three important bases in the implementation of digital rupiah. First, concepts that must be sustainable in the development of financial transactions in the future.

"Of course we need to consider the readiness of the industry," he said.

Two, compatibility or suitability with existing digital technologies globally. It is stated that the CBDC scheme is developing around the world. This allows for cross-border inter-state relations.

"The third is that we need to prepare the structure of the business model," he said.

Red Carpet

For information, the Finance Sector Development and Strengthening Law (P2SK) which was passed by the DPR at the end of last year became a separate red carpet for the presence of digital rupiah.

VOI noted that the Governor of BI had stated that digital rupiah was a necessity to remain relevant to the times.

Later in Indonesia there will be three legal payment instruments. The first is money in physical form. Second, account-based payment instruments, such as debit cards. The third is digital rupiah," Perry said some time ago.

Meanwhile, BI's new progress for the development of digital rupiah is summarized in White Paper (WP). In its report, the central bank outlined the formulation of CBDC for Indonesia by considering the principles of benefits and risks.

The development of the central bank's digital currency in the future is not an option, but a necessity. The central bank still needs to explore and test it to anticipate the development of digital currencies in the future, "said BI.

Distribution Concept

Based on information submitted by Bank Indonesia, it is known that digital rupiah distribution will be carried out with two planning options.

First, the central bank only focuses on the wholesale side by selecting several large banking players who are mandated to distribute them retailly. The second option is the incoming central bank on the wholesale and retail sides.

In Indonesia, we tend to distribute rupiah to wholesalers. We are currently in the process of selecting large banks that will receive this mandate. Meanwhile, the distribution itself will use the blockchain system, "said Perry.

However, if the technology of banks is deemed unable to become retailers, then BI itself will be the retailer (second option). This is like the concept of Bank Indonesia distributing money directly to 3T areas, namely leading, remote and lagging behind.


The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)