Indonesian Political, Business & Finance News

Bank Mandiri Prepares IDR 44 Trillion in Cash for Ramadan and Eid al-Fitr

| Source: VIVA Translated from Indonesian | Banking
Bank Mandiri Prepares IDR 44 Trillion in Cash for Ramadan and Eid al-Fitr
Image: VIVA

Bank Mandiri is preparing IDR 44 trillion in cash to supply ATMs and cash recycling machines (CRMs) during the Ramadan and Eid al-Fitr period from 24th February to 25th March 2026.

The Corporate Secretary of Bank Mandiri, Adhika Vista, said that this allocation has increased by 5% year-on-year compared to the same period last year, which was IDR 41.9 trillion. This is in line with projections of increased transaction needs during the holy month and the peak of the Eid al-Fitr homecoming and celebrations.

“This liquidity readiness is part of an accelerating strategy to maintain the momentum of domestic consumption, while also strengthening the circulation of the people’s economy in various regions,” said Adhika in a statement on Thursday, 26th February 2026.

He explained that this step was designed through prudent liquidity planning based on national transaction projections, and strengthened by optimizing distribution infrastructure and technology.

According to him, this ecosystem-based approach ensures sufficient liquidity and service stability, while also providing sustainable advantages in meeting the transaction needs of the community in line with Bank Mandiri’s commitment to providing the best service.

“The provision of cash is a manifestation of Bank Mandiri’s commitment to presenting integrated synergy throughout our service network, so that the transaction needs of the community during Ramadan and Eid al-Fitr can be met optimally,” said Adhika.

He said that the average cash replenishment needs are estimated to reach IDR 1 trillion to IDR 1.4 trillion per day, along with increased consumption activity, payment of salaries and Eid bonuses (THR) for civil servants, and community mobility in the lead-up to Eid al-Fitr 1447 H.

“These projections are based on historical transaction patterns and trends in domestic economic growth, which show a significant increase during the Ramadan and Eid periods,” said Adhika.

In line with this, to ensure smooth non-cash transactions during the peak Eid period, Bank Mandiri is preparing liquidity of IDR 18 trillion in the Bank Indonesia Fast Payment (BI-Fast) Settlement Fund Account (RSD), to anticipate a surge in transactions from 18th to 25th March 2026, or approximately IDR 2.5 trillion per day.

“This step strengthens Bank Mandiri’s readiness in maintaining the stability of the payment system while also supporting accelerating growth through the optimization of liquidity management and digital transaction infrastructure,” he said.

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