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December 31, 2024 | 04:45 pm
TEMPO.CO, Jakarta - Bank Indonesia (BI) has spoken out regarding the alleged discovery of counterfeit government securities (SBN) certificates in the recent counterfeit money production case in Gowa, South Sulawesi.
Marlison Hakim, Head of the BI Money Management Department, emphasized that the central bank does not issue deposit certificates.
“SBN ownership is scriptless, meaning there are no physical certificates held by investors,” Marlison said in a written statement released on Tuesday, December 31, 2024. He further explained that SBN ownership is recorded electronically, eliminating the need for physical certificates.
This clarification directly contradicts the initial reports from the South Sulawesi Police Chief, Inspector General Yudhiawan Wibisono. During a press conference held at the Gowa Police on Thursday, December 19, 2024, he stated that, alongside counterfeit banknotes, authorities had discovered a photocopy of a purported BI deposit certificate valued at Rp45 trillion and a sheet of paper claiming to represent SBNs worth Rp700 trillion.
In addition to the SBN and deposit certificates, BI also emphasized that none of the security features on genuine Indonesian Rupiah banknotes were successfully replicated in the counterfeit currency produced in Gowa.
“The counterfeit money found is of very low quality. The glow under the UV lamp differs in terms of location, color, and shape compared to genuine rupiah banknotes,” Marlison said in his written statement.
According to him, BI's analysis of the counterfeit currency samples revealed a low-quality production process. The banknotes were printed using inkjet and ordinary screen printing techniques, lacking the sophistication of offset printing techniques often associated with high-quality counterfeiting operations.
“This aligns with the evidence of the printing machine found by the police, which is a standard general printing machine, not a specialized money printing machine,” Marlison added.
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