12/22/2016

BI answers the speculation of excessive money distribution after the new currency release

BI answers the speculation of excessive money distribution after the new currency release


Tirta segara, executive director of communication department of central bank of indonesia said BI always ensure the need of cash money available in sufficient quantities, appropriate types of fractions and properly fit for circulation. As part of money management, BI will withdraw the old ones and replace with the new currencies regularly in society.

Tirto affirmed that there will be no excessive circulation of money in society since as stipulated in law no 7 of 2011, the destruction of improper circulated money aiming to maintain the quantity thus sufficient with the need of society.

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