"The nominal value of the 2022 edition banknotes obtained for the Riau Islands region is Rp1.1 trillion, which will be used for Riau Islands needs," Head of Bank Indonesia’s Riau Islands Representative Office Musni Hardi K. Atmaja said on Saturday.
Bank Indonesia has prepared Rp800 million in the 2022 edition banknotes for Batam city, which will be disbursed through mobile cash exchanges at three separate locations.
"These money can be withdrawn by the public through banks. Bank Indonesia will offer money exchange service at the Mobile Cash Office until Tuesday. Today, at Fanindo, then Monday at Pujabahari, and Tuesday at Botania Satu," he informed.
Exchange orders for mobile cash points can be placed through the PINTAR application, which can be accessed via the https://pintar.bi.go.id webpage.
The order placement is expected to reduce crowding during the money exchange process at mobile cash points.
BI has also distributed Rp39 billion in the 2022 edition banknotes to banks in the province.
“Then, Rp39 billion is already in the bank for today," Atmaja said.
In the newest banknote release, Bank Indonesia has improved three aspects: design, security, and material quality and durability, he informed.
"In these new banknotes, there are improvements in three things. Design with sharper and brighter colors, then perfecting security by using the latest technology and material, we hope that the money will be better so that it lasts longer," he said.
The release of the new edition banknotes is an effort by the central bank to improve banknote quality and public trust, boost money security, and cement the rupiah's position as a symbol of national sovereignty, he added.
On August 18, 2022, Bank Indonesia released seven banknotes with denominations ranging from Rp1 thousand, Rp2 thousand, Rp5 thousand, Rp10 thousand, Rp20 thousand, Rp50 thousand, and Rp100 thousand.
"Today, August 18, 2022, I officially issue seven denominations of the 2022 Issue Year Rupiah Banknotes as a legal means of payment throughout the territory of Republic of Indonesia," Governor of Bank Indonesia, Perry Warjiyo, announced on Thursdays.
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Translator: Jessica A J H, Mecca Yumna
Editor: Rahmad Nasution
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