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Jakarta Post
The Jakarta Post
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Counterfeit money transactions in Medan on the rise

  • Apriadi Gunawan

    The Jakarta Post

Medan | Wed, November 9 2011 | 08:37 am

PREMIUM Bank Indonesia (BI) has reported that transactions involving counterfeit money at a number of banks in Medan, North Sumatra, have risen this year compared to last year.

Based on BI data, the number of such transactions had reached 1,652 banknotes as of October this year, an increase of around 3 percent compared to the same period last year.

The payment system head at BI’s Medan bra...