BI Papua Prepares Rp5.29 trillion Cash for Nataru

goodmorningpapua.com – The Bank Indonesia Representative Office for Papua Province has prepared Rp.5.29 trillion in cash for Christmas 2021 and New Year (Nataru). This figure is 3 percent higher than the previous year which reached Rp5.12 trillion.

“Based on the results of coordination with banks, the need for Christmas 2021 and New Year 2022 is estimated at Rp. 4.4 trillion with the demand for Large Denominations (UPB) of Rp. 4.33 trillion and Small Denominations (UPK) of Rp. 0.07 trillion,” said a Head of BI Papua Naek Tigor Sinaga, Tuesday 30 November 2021.

Naek said the demand for these needs increased by 5 percent (yoy) when compared to the realization from the previous year of Rp.4.19 trillion. This need has also taken into account the limitation of PPKM level 3 on December 24, 2021 to January 2, 2022.

BI Papua has coordinated intensively and periodically with banks in Jayapura and banks in 7 (seven) Cash Custodian areas. The goal is to make it easier and faster for people to get cash in accordance with the amount, denomination and conditions fit for circulation, especially for Christmas and New Year’s needs.

“The amount of money that has been distributed to banks from 2021 to November is Rp. 8.6 trillion, an increase of 12 percent (yoy) from 2020 to November which was only Rp. 7.7 trillion. This is partly because Papua will host the 2021 PON and Peparnas,” said Naek.

BI Papua urges the public not to spend or re-transact Money Unfit for Circulation (UTLE), but instead exchange it or deposit UTLE at the nearest bank.

“We also urge the public to always be vigilant and careful in transacting using money and always be careful and thorough with the authenticity of Rupiah. Remember 3D, which is seen, touched and observed,” Naek said.

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