Indonesian Political, Business & Finance News

Clarification of fake money

Clarification of fake money

From Republika

The plastic Rp 100,000 banknote, which is considered counterfeit money by the public is indeed genuine money, which, unfortunately, is defective.

This banknote is considered "counterfeit money" because it has been found that in a certain part of the banknote the ink will come off when rubbed with either your nail or a sharp object.

It is true that some of the banknotes are not properly printed and the ink on certain parts of the banknotes can smudge. However, this does not mean that these banknotes are counterfeit.

Anybody in possession of defective banknotes may exchange them with good ones in a bank, which will later hand over the defective notes to Bank Indonesia. Of course your banknotes must have the characteristics of genuine money. Rubbing the ink on the plastic banknotes of Rp 100,000 denomination is certainly not the right way to find out whether they are genuine or not.

They are genuine if they have the following characteristics: a) there is a clear window with the picture of rice stem and cotton; b) the color window has the logo of Bank Indonesia inside it; c) the logo is located above the picture of the House of People's Representatives, the letter "I" will be rather obscure or vague if it seen through the color window; and d) the main picture, the inscription of Bank Indonesia and the nominal value will feel coarse when touched.

SYAMSUL ARIFIN

Deputy Bureau Head

Bank Indonesia

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