Bank Indonesia Prepares Rp 4.75 Trillion for Eid al-Fitr 2024
The central bank anticipates higher demand for money due to economic recovery and elections
Welcoming Ramadan and Eid al-Fitr 2024 or 1445 H, the Representative of Bank Indonesia (BI) in Banten Province has prepared new money worth Rp 4.75 trillion.
Bank Indonesia in Banten Province will again hold the Ramadan Rupiah and Eid al-Fitr Blessings (Serambi) 2024.
This year, an increase in money demand is predicted compared to the previous year.
“We will prepare money for Eid al-Fitr needs of Rp 4.75 trillion, up about 21 percent from last year’s Rp 3.78 trillion,” said the Head of the Bank Indonesia Representative in Banten Province, Ameriza Ma’ruf Moesa when met at Saba Restaurant, Serang, Monday (12/2/2024).
According to him, the increase in money demand this year is not only for the lower class.
However, the increase occurred because every time before Eid al-Fitr, economic activity usually increases, investment increases and consumption increases during the Eid al-Fitr moment.
“Especially now that the economy has started to normalize, and there may also be an influence of the regional elections,” he said.
With the momentum of the regional elections and the general elections this year, many people need money.
Both the general public and the legislative candidates who need working capital and so on.
So there is an increase in demand for Eid al-Fitr in 2024.
“Because this Eid al-Fitr is different from last year, because this year coincides with the regional elections and there are general elections, so there is a demand push besides Eid al-Fitr,” he said.