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Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

BI Prepared to Help Mitigate Covid-19 Spread

English indonesian economy (en)
Wahyu Dwi Anggoro • 17 Maret 2020 14:59
Jakarta: Bank Indonesia (BI) has coordinated with the government and other relevant authorities to institute collective monitoring, assessment and mitigation efforts concerning the spread of covid-19.
 
The central bank is committed to maintaining its public duty and services to ensure monetary stability, financial stability, and secure, uninterrupted, reliable and efficient payment system services as well as providing adequate rupiah currency fit for circulation.
 
"Furthermore, Bank Indonesia will continue to implement its public duty and services through adherence to K3 (security, health and work safety) by BI staff and members of the public interacting with BI staff, while complying with the government's latest recommendation to enforce social distancing," the central bank stated in a press release issued on Monday, March 16, 2020.

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"In terms of maintaining task continuity and simultaneously anticipating the impact of covid-19, Bank Indonesia has instructed staff to work from home where possible, alternately and as needed," the central bank stated.
 
According to the central bank, services that do not need social interaction will continue to operate normally, such as the Bank Indonesia – Real Time Gross Settlement (BI-RTGS) system, rupiah and foreign currency monetary operations supported by the Bank Indonesia – Scripless Securities Settlement System (BI-SSSS), Bank Indonesia-Electronic Trading Platform (BI-ETP) as well as rupiah banking/currency management services.
 
On the other hand, services that involve social interaction have been suspended from Monday, March 16, 2020.
 
The suspended services are, among others, mobile cash services in urban and rural areas across Indonesia, exchange services for mutilated and/or damaged banknotes, verification of counterfeit banknotes and public visits to Bank Indonesia, the BI Visitor Centre, Bank Indonesia Museum and Bank Indonesia Library.
 
Additionally, the central bank has installed measures to ensure that rupiah currency in circulation has been subjected to special treatment in order to minimise the transmission of covid-19.
 
The measures are quarantining all currency received from the banking industry for a period of 14 days before disinfecting prior to recirculation, enhancing the hygiene of human resources and the equipment used in terms of rupiah currency management, and coordinating with the banking industry to implement rupiah currency management in accordance with K3 aspects in terms of human resources and rupiah currency management equipment.
 

(WAH)
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