GenBI Education Series Pengelolaan Uang Rupiah

Summary

The video script explains the comprehensive process of managing the Indonesian Rupiah by Bank Indonesia. It covers six key stages: planning the currency issuance, printing banknotes and coins, releasing new currency as legal tender, distributing it nationwide, withdrawing old or damaged currency, and finally, destroying unusable notes. The goal of this process is to maintain a sufficient and secure supply of Rupiah for public use, ensuring the circulation of legal, high-quality money. This system highlights Bank Indonesia's commitment to managing the country's monetary stability.

Takeaways

• 😀 Bank Indonesia manages the Rupiah currency from planning to destruction.
• 😀 The first step in managing Rupiah is planning, where Bank Indonesia decides on the amount and denominations of currency needed.
• 😀 Currency planning involves estimating the demand for Rupiah during a specific period, considering factors like the addition of new money, replacement of destroyed currency, and maintaining an adequate supply.
• 😀 The second stage is the printing of Rupiah, where Bank Indonesia prints paper and coin currency based on the planned amounts.
• 😀 The printing process is handled by the state-owned company Perum Peruri.
• 😀 The third stage is issuing Rupiah, where Bank Indonesia releases the new currency as legal tender in Indonesia.
• 😀 The fourth step involves distributing Rupiah across the country to meet cash needs in all regions, ensuring adequate supply.
• 😀 Cash services help meet public needs through banking withdrawals and deposits.
• 😀 The fifth stage includes withdrawing damaged or outdated currency, based on criteria such as wear and technological updates on security features.
• 😀 The final stage is the destruction of unfit Rupiah, ensuring only usable currency remains in circulation.
• 😀 Destruction involves methods like shredding or melting currency to ensure it no longer resembles legal tender.

Q & A

What is the first stage of Rupiah management conducted by Bank Indonesia?

The first stage is the planning phase, where Bank Indonesia determines the amount and denomination of Rupiah based on the estimated needs for a specific period, considering the circulation of new money, replacing destroyed money, and maintaining sufficient supply.

How does Bank Indonesia decide on the denomination of Rupiah?

Bank Indonesia sets the denomination based on the estimated demand for Rupiah during a specific period, taking into account factors like the circulation of new money and the replacement of destroyed notes.

What happens in the second stage of Rupiah management?

In the second stage, Rupiah is printed. Bank Indonesia prints paper and coin money based on the money printing plan for the specified period, with the actual printing done by the state-owned company, Perum Peruri.

Who is responsible for printing Rupiah?

The printing of Rupiah is carried out by Perum Peruri, the state-owned printing company of Indonesia, based on the printing plan set by Bank Indonesia.

What is involved in the third stage of Rupiah management?

In the third stage, Bank Indonesia releases the Rupiah as a legal tender, introducing it into circulation as a new emission, with new designs or special Rupiah issued for public use within the territory of the Republic of Indonesia.

How does Bank Indonesia distribute the newly printed Rupiah?

Bank Indonesia distributes the Rupiah to all areas of Indonesia through cash services, ensuring that there is enough currency available to meet the cash needs of the public and businesses.

What is the role of cash services in distributing Rupiah?

Cash services ensure the availability of Rupiah for public use by providing withdrawal and deposit services through banking institutions, helping to distribute currency across the country.

What triggers the withdrawal of Rupiah from circulation?

The withdrawal of Rupiah happens when certain criteria are met, such as the aging of specific denominations or advancements in security technology that affect the banknotes. Withdrawn notes can be exchanged for new, circulating Rupiah.

How does Bank Indonesia manage the destruction of old or damaged Rupiah?

Bank Indonesia destroys damaged or obsolete Rupiah through processes like shredding or melting, ensuring that the destroyed notes no longer resemble valid currency. This is done regularly to maintain the quality of money in circulation.

Why is it important for Bank Indonesia to regularly destroy old money?

Regular destruction of old money ensures that only legal tender that is fit for use remains in circulation, thus supporting the goal of providing the public with clean, usable currency and maintaining the integrity of the Rupiah.