In accordance with Law No. 7 of 2011 concerning Currency, Bank Indonesia is given the task and authority to manage Rupiah currency starting from the stages of Planning, Printing, Issuing, Circulation, Revocation, and Withdrawal to Destruction. That the management of Rupiah currency needs to be carried out properly in order to support the maintenance of monetary stability, financial system stability and the smooth running of the payment system. The management of Rupiah currency by Bank Indonesia is aimed at ensuring the availability of Rupiah currency suitable for circulation, in the appropriate denomination, on time according to the needs of the community and safe from counterfeiting.

On this basis, Bank Indonesia provides direct supervision to companies engaged in Rupiah Money management services (PJPUR) in carrying out their business activities. So that the PJPUR company's business activities are ensured to run according to money management standards that have been stipulated by law.

Thursday, June 17, 2021 at the Hotel Indonesia Kempinski, the Indonesian Cash Processing Services Association (APJATIN) as the association that houses PJPUR companies held a Forum Group Discussion (FGD) which was attended by all members and of course invited Bank Indonesia as the regulator as one of the resource persons. . The FGD was held aimed at strengthening the position of PJPUR which is required to comply with the general and specific laws and regulations governing the PJPUR industry. Meanwhile, on the other hand, the existing fact is that the current capability and condition of PJPUR does not allow it to implement all applicable laws and regulations.

In the day-long FGD activity, the material for the event apart from remarks and briefings from Bank Indonesia, intense discussions and sharing on institutional, operational and service costs of the PJPUR company were held. Each discussion material is presented and guided by experts who have long experience in their fields.

“This event is very useful, we can discuss comprehensively about the issues that are experienced by each PJPUR company. For example, the intense competition between companies, the completion of capital fulfillment requirements and equality between PJPUR and business partners. After attending and listening directly, hopefully Bank Indonesia can provide the best solution for the improvement of PJPUR's business in the future,” said Joko Sri Purwoko. The Director of Operations of SSI who was present represented the company at the event.

Hopefully the FGD can provide new insights and solutions for PJPUR companies in general, and of course for SSI in particular in running a profitable Rupiah currency management business while still meeting the management standards set by law.

Regards,
#SSIGoRebound #BringItOn #GaNyerah #AyoBerubah