Lebaran Money Exchange Reaches Rp123 Trillion, Highest on Java Island

Bank Indonesia (BI) reports that the realization of new currency exchange ahead of Eid al-Fitr 2024 has reached Rp123.7 trillion as of April 2, 2024.

This figure is equivalent to 62.62% of the total new currency provided by the central bank for Eid al-Fitr needs this year, which is Rp197.6 trillion.

Head of BI's Currency Management Department, Marlison Hakim, stated that if there are still new currency reserves, BI will store them for the next 10 days.

"Banks will input funds for the next 10 days, ensuring that ATMs do not run out of cash and do not malfunction, especially in homecoming destination areas," said Marlison, as reported by Katadata, Wednesday (3/4/2024).

He detailed that the highest new currency exchange during this period was recorded on Java Island, with a value of Rp45.30 trillion, equivalent to 36.61% of the total new currency distributed nationally.

Next is Jabodetabek with a currency exchange value of Rp38.44 trillion, followed by West Sumatra at Rp21.13 trillion, and the combined regions of Sulawesi, Maluku, and Papua at Rp7.77 trillion.

Then, the total currency exchange in Kalimantan is Rp7.67 trillion, and Bali and Nusa Tenggara at Rp3.42 trillion.

Marlison also predicts that the highest cash withdrawal transactions (outflow) during this year's Eid al-Fitr period will still be from Java Island.

"The outflow during Ramadan and Eid al-Fitr 2024 is projected to be highest in the Java region at Rp119.9 trillion or 60.7%," he said.

Meanwhile, the lowest outflow is estimated to occur in Bali and Nusa Tenggara, namely Rp7.71 trillion or 3.9% of the total national outflow.

This year, BI, together with banks, opened currency exchange services at 4,964 offices/points throughout Indonesia.

The public can also exchange currency through the link www.pintar.bi.go.id or directly through mobile cash services.