BRI travelers checks

JAKARTA (JP): State-owned Bank Rakyat Indonesia (BRI) sold Rp 2.5 trillion (US$1.05 billion) in travelers checks last year, up from Rp 1.9 trillion in 1995 and Rp 1.3 trillion in 1994.

"We aim to sell more travelers checks this year to meet customer demand," Katiyo, the bank's product management and marketing head, said Thursday.

Its checks are sold in Rp 25,000, Rp 50,000, Rp 100,000 and Rp 10 million denominations and can be cashed at BRI branches.

The bank issues two kinds of travelers check: one can only be cashed by buyers, and one appointed people can cash.

The checks can be used at about 150 stores, restaurants, travel agencies and bus companies. (02)