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    Cash Needs in Facing Chinese New Year Up to 79 Percent

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    BANDUNG - Representative Office of Bank Indonesia West Java Province has made preparations both cash and non-cash to serve the needs of the community in accordance with the needs of economic transactions, especially in the framework of Chinese New Year.

    Head of Group of Representatives Office of Bank Indonesia West Java Province (KPw BI Province West Java), Ismen Inono said, for the needs of Imlek 2018 BI has provided currency of various types of denomination of Rp 9.58 trillion or 25% higher than the year previously amounting to Rp 7.66 trillion.

    "The projected need for money from banks in the working area of ??West Jakarta Provincial KPw during the Lunar Year 2018 amounted to Rp 1.53 trillion or an increase of 79.8% compared to the same period the previous year which amounted to Rp 0.85 trillion," he said.

    According to Ismet, the increase in the demand for Chinese New Year 2018 compared to the same period of the previous year besides influenced the requirement of currency in the seasonal celebration of Chinese New Year also coincided with the Lunar New Year 2018 falls on Friday (16/02) so it is estimated that banks will do more currency stock in order to fulfill the ATM during the long holiday.

    "KPw Bank Indonesia West Java Province has made an extension of cooperation in exchange with all banks in West Java (1,232 branches of Commercial Banks and 99 BPR Bank offices) on March 31, 2017 ago, so KPw BI Jabar does not serve money exchange worthy (ULE) directly at the counter of Bank Indonesia, "he said. (Parno)

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