TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Sunday, May 4, 2025. Here are the highlights: Penetration of Visa, Mastercard vs QRIS in Indonesia; 7 Most Beautiful Banknotes in the World That Redefine Currency Design; and Bank Indonesia Withdraws Four Banknote Denominations.
The following is the list of the top 3 news on Tempo English today:
1. Penetration of Visa, Mastercard vs QRIS in Indonesia
Senior Deputy Governor of Bank Indonesia (BI), Destry Damayanti, believes that the use of Visa and Mastercard credit cards in Indonesia is still high. She made this statement in response to the complaints from the United States Trade Representative (USTR) regarding the implementation of the Quick Response Code Indonesian Standard (QRIS).
"So far, Visa and Mastercard, which are always in competition, are still dominant. So, there is actually no issue," Destry said at a Financial Education event for Indonesian Migrant Workers at Dhanapala Building, Jakarta, on Monday, April 21, 2025.
2. 7 Most Beautiful Banknotes in the World That Redefine Currency Design
Countries design their currencies through arduous processes that involve design and durable tests.
Beyond its relevance as part of the government body, these most beautiful banknotes in the world also actively discourage counterfeits due to its complex aesthetics.
Whether it's for their printing distinction or hologram integration, these banknotes are both beautiful and secured. Various sources have listed the world’s prettiest currencies, with the inclusion of Fiji Dollar and New Zealand Dollar.
3. Bank Indonesia Withdraws Four Banknote Denomination
Bank Indonesia has withdrawn four denominations of rupiah banknotes from circulation, issued in 1979, 1980, and 1982. The central bank also urged the public to exchange these banknotes by the specified deadline.
"BI reminds the public who possess these four banknote denominations, issued in 1979, 1980, and 1982, to exchange them at the Bank Indonesia Head Office by April 30, 2025," Ramdan Denny Prakoso, Executive Director of BI’s Communication Department, said in a written statement on Monday, April 28.
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