New Rp100,000 and Rp5,000 bills easy to forge, says BPK

Penukaran Uang Baru_Iday-5
Jakartans keenly exchange their money with the new 2022-edition banknotes. (IO/Muhammad Hidayat)

Jakarta, IO – The Supreme Audit Agency (BPK) says the 2022-edition of the Rp100,000 and Rp50,000 bills could be easily forged, CNBC Indonesia reported on Friday (7/10).

BPK explained that BI has yet to have any risk mitigation plan in the event of default and/or force majeure that disrupt the production of the security threads by Crane Currency.

BPK also revealed that Crane’s micro-optic security thread patent will expire in 2024. This means that it will be easier to forge as it enters the public domain. “This can pose a potential risk in the form of Rupiah counterfeits,” explained BPK.

Bank Indonesia’s (BI) reputation as the monetary authority, according to BPK, can also be marred if the banknotes can be easily forged.