Ahead of Eid al-Fitr, Four Major Banks Prepare Rp 185 Trillion in Cash

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30/05/2018 13:52 WIB

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Four major banks, namely Bank Mandiri, Bank BCA, Bank BNI, and Bank BRI, have prepared tens of trillions of rupiah in cash to anticipate the 2018 Eid al-Fitr celebrations.

Four Major Banks Prepare Tens of Trillions of Rupiah in Cash to Anticipate 2018 Eid al-Fitr

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Ahead of Eid al-Fitr, Four Major Banks Prepare Rp 185 Trillion in Cash

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Four Major Banks Prepare Tens of Trillions of Rupiah in Cash to Anticipate 2018 Eid al-Fitr

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Four major banks, namely Bank Mandiri, Bank BCA, Bank BNI, and Bank BRI, have prepared tens of trillions of rupiah in cash to anticipate the upcoming Ramadan and the 2018 Idul Fitri holiday. This is in response to the significantly increased demand for cash during this period, driven by factors such as employee salary payments, holiday allowances (THR), and increased consumer spending.

Bank Mandiri has prepared Rp 57.2 trillion in cash for this year's Idul Fitri celebration, while Bank BNI has prepared Rp 54.8 trillion (Rp 13.7 trillion per week). Similarly, Bank BCA has anticipated the Idul Fitri holiday needs by preparing Rp 45 trillion in cash, and Bank BRI has prepared Rp 24.5 trillion.

Bank Indonesia (BI) has prepared Rp 188.2 trillion in circulating cash for this year's Idul Fitri, an increase from Rp 163 trillion the previous year. The extended joint holiday period for Idul Fitri this year, from June 11th to 20th, is expected to result in high cash circulation.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."