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    Non-Rupiah Transactions Can Be Fines Rp 200 Million

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    BANDUNG - Rupiah currency became one of the symbols of Indonesian sovereignty in its territory. So that all transactions using money in the territory of Indonesia are required to use rupiah currency, either in physical or electronic form.

    Hermawan Novianto, Payment System Supervision Team at Bank Indonesia Office West Java (Jabar) said based on the law number 7 of 2011 on Currency mentioned the obligation of rupiah usage in the country.

    Even mentioned also sanctions for violators, namely a one-year jail sentence or a fine of money worth Rp 200 million.

    "The regulation is already there and firmly, so that the rupiah will be stronger in the country, this is one way to keep the rupiah from weakening if needed in trade transactions," he said in the training of economic reporters covering Bank Indonesia West Java Region in Garut, Friday (20/10) .

    But of course for the purposes of import export is exempted, because it adjusts to the destination country. But once again if the foreign trade transaction takes place in Indonesia, the rupiah remains preferred. Also included in the Bonded trading area.

    However, he acknowledged that the implementation of the regulation needs public assistance, especially in the trade area. Because according to him until now there has been no reports of such violations, although sometimes invisible to the activity.

    For example, in New Market Bandung, sometimes there are traders who want to receive payments with Malaysian Ringgit or dollars. Whereas in fact the area there are some KUPVA or money changer. Jo

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