The BI Governor said that the bank has decided to distribute the digital rupiah through a retail scheme, meaning the digital currency will be disbursed by BI only to large banks and payments system companies.
The 2022 issue notes released by Bank Indonesia are Rp 100,000, Rp 50,000, Rp 20,000, Rp 10,000, Rp 5,000, Rp 2,000, and Rp 1,000.
The central bank said it targets up to 45 million small and medium enterprises (SMEs) to use the Quick Response Code Indonesian Standard, or QRIS, by 2023.
The 5th of July is celebrated as 'Bank Indonesia' Day!
At least 15 million consumers are expected to use the method nationwide.
The most recent asset confiscated was collateral belonging to obligor Agus Anwar in the form of land covering an area of 340 hectares in Bojong Koneng Village, Babakan Madang District, Bogor Regency
Under these conditions, the domestic financial market lost USD 400 million in total foreign capital (net outflow) from January 1 to March 15, 2022.
Through this linkage, consumers in both countries will be able to make retail payments by scanning the QRIS (Quick Response Code Indonesian Standard)or DuitNow QR codes provided by offline and online merchants.
An economics expert positively welcomes Bank Indonesias plan to issue central bank digital currency, or CBDC, as its deemed the right countermove against cryptocurrency that has been growing very rapidly in the country.
Recent survey revealed a rising optimism among Indonesians on national economic outlook. The increase is in line with the improving economic activities and income as mobility increased due to the easing of restrictions
